the entire economy is hanging on by it's fingernails. When it goes, and it will, the collapse will be staggering.
There is a 100% chance the fed keeps raising rates until something breaks, which won't be much longer IMO. The sweet part is the EU is right on track with us, and China is isn't far behind. So cripple 70% of the worlds GDP at the same time will be interesting. At 130% debt to GDP in the US and the EU hanging in ~100%, there just isn't room for any stimulus this time except maybe China.
