[…] Each financial bubble and collapse has common characteristics, while having their own peculiar character.
This that we are experiencing now is the third in a series of bubbles that started at the turn of the century.
I suspect it may prove to be the most severe, as compared to the last two.
The crash of 1987 was more of a trading anomaly and glitch in the financial system, similar to the panic of 1907.
I think we are in more of a Crash of 1929 scenario.
Let’s take this one as it comes.