6 Signs of The Coming Global Depression

6 Signs of The Coming Global Depression
The next crash is almost certainly going to be massive, painful and, more than likely, long-lived.
Debt. Massive Consumer, Student, and Mortgage debt. Basically, the exact same things that caused the last recession are pretty much in place now. It won’t be triggered by interest rates suddenly going up on Adjustable rate mortgages as much as people making the decision to reduce their debt. They slow their purchasing, Jobs are cut, and those people lose their purchasing power. Unemployment goes up and the people who lose their jobs can not find new ones to pay for the overinflated houses they bought. Recession triggers massive defaults, banks go under, and there you go.

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