Neither small business nor the bottom 90% of households can afford this “best economy ever.” After 10 years of unprecedented goosing, some of the real economy is finally overheating: costs are heating up, unemployment is at historic lows, small business optimism is high, and so on–all classic indicators that the top of this cycle is in. Financial assets have been goosed to record highs in the everything bubble.Buy the dip has worked in stocks, bonds and real estate–what’s not to like? Beneath the surface, the frantic goosing has planted seeds of financial crisis which have sprouted and are about to blossom with devastating … Continue reading The Next Financial Crisis Is Right on Schedule