RE:RE:US Futures Plunge on China PMIThere is no fiscal or monetary cushion this time. They've already lowered interest rates to zero and governments are up to their eyesballs in debt. Debt levels are higher than the '08 crisis and the babyboomers are going into retirement, their peak production and consumption years behind them. From NASDAQ bubble, to the housing bubble, to the absurd QE bubble. When these things pop they can lose 30-40% in a few months.
and governments are in debt up to their eyeballs. Debt levels are higher than the last crisis.