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The Crash of the US Economy is Coming, "Let the Buyer Beware," Caveat Emptor
Yes, emphatically speaking, the next financial crash of our United States of America (USA) economy is coming sooner than you think. One would ask, “How does this opposite the editorial (op-ed) page writer think?”
Observably, this is how he thinks: Looking back over the last 11 years, our USA economy is still recovering from its "Great Recession of 2007- 2009." Which simply means, the stock market observable failures (pseudo or artificial values in the equities and other financial sectors; suppressed income and wages, overvalued real estate, and accumulative generational debt), are still with us in my opinion. In my view from the helm, the USA economy is also sailing rapidly toward overcrowded metropolitan traffic; congested gridlock with failing and outdated infrastructure, and increased taxation.
Now, are you ready for this Opinion Ed writer's observations and predictions for the USA economy? Simply stated, our present economic recovery is merely temporary at best, if we are not more careful. Because, we have gone to an 8th deadly sin: impulsivity, along with instant gratification, which means excessively buying those things we really want; instead of what we really need. For many of us, we truly believe, the seven deadly sins are as follows: envy, gluttony, greed, lust, pride, sloth, and wrath. However, this writer feels and strongly believes impulsiveness will eventually crash the stock market and this semi-fragile economy. Moreover, our rising national debt, according to various news sources, the USA increasing federal deficit of $779 billion is ever so threatening!
Truly, today's technology is a "blessing and a curse," when it comes to shopping online, rapid delivery services and "quick buying habits." Seriously, this type of human behavior festers septically our innate ability to persevere; instead, we consume more than we can ever pay for or charge on credit cards and other lines of credit. In addition, we have completely saturated another generation with a cycle of student loan debt, rapidly increasing rents, ballooning mortgage and car payments, over-priced goods and services, and increasing medical bills for the young, the elderly and the dying.