
“The much anticipated ‘financial correction’ is rapidly approaching, and investors are starting to race for the exits. We have not seen so many financial trouble signs all come together at one time like this since just prior to the last major financial crisis. It is almost as if a ‘perfect storm’ is brewing, and a lot of the ‘smart money’ has already gotten out of stocks and bonds. Could it be possible that we are heading toward another nightmarish financial crisis? Could we see a repeat of 2008 or potentially even something worse?”
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Henry Hazlitt at The New York Times