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Buckle Up: Housing Bubble Bursting as Financial Tsunami Approaches, Plus People Don’t Work Nearly as Much as Previous Generations

May 25, 2023

Investors need to buckle up as the US housing bubble is bursting as a financial tsunami approaches, plus people don’t work nearly as much as previous generations.

Financial Tsunami Approaches

May 24 (King World News) – Albert Edwards, Former Global Strategist at Société Générale: Fretting about the debt ceiling is missing the point. Stan Druckenmiller noted recently, “The debt ceiling is like sitting on the Santa Monica pier and you see a 30 foot wave and you’re worried about it. There’s a 200 foot tsunami 10 miles out, but all we talk about is the wave.”