The complete failure of this system is being exposed. The amount of leverage has always, every single time, caused a crisis to expand faster and harder then originally thought.
There are no soft landings, Janet Yellen. Only crashes, loss of pension funds, and savings evaporated.
You saw it during the Financial Crisis and you’re seeing it again today. Too much leverage and the appearance of cracks, inching closer and closer.
OFR_2017_FSR_Ch2.pdf
https://www.financialresearch.gov/financial-stability-reports/files/OFR_2017_FSR_Ch2.pdf
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