The millennial generation is debt ridden. They have no savings, many have poor jobs and high credit card bills, they have placed life events on pause. Chapter 11 bankruptcies have increased by 63% during this incredible recovery. Manhattan home sales plunge, retail implodes, commercial real estate and residential real estate all implode. The Chinese government has halted the purchase of Treasuries. Russia, Turkey and Iran move to use their currencies instead of the dollar.
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