Powell's "Soft Landing" Is Impossible, So Expect A "Crash Landing"

It's been a good run, but Powell's "soft landing" is impossible and we're headed for a "crash landing." Here's why:

1. The US economy is addicted to debt and it's only a matter of time before the bubble bursts.
2. Corporate debt is at an all-time high and defaults are increasing.
3. The trade war with China will only make things worse.
4. The Fed can't raise rates anymore without crashing the economy.
5. The stock market is overdue for a crash.

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