An epidemic of store closings, restructurings, bankruptcies… as the American consumer runs out of options.
Despite Russia’s still high foreign exchange reserves and still strong balance sheet.
But a no-questions-asked booming stock market is required to sustain the startup and IPO bubble with its crazy valuations and reckless cash burn rates.
Explanations abound why this is suddenly happening, after years of deceptive calm.
“Too many poorly understood structural changes have created unstable markets.”
They fear it’s fueled by reckless lending; but when it pops, all heck will break lose.