'..Dalio said the next crisis won't be a big bang-type affair..'

'Appearing on "Squawk Box" during the 10th anniversary week of the crisis, Dalio said the next crisis won't be a big bang-type affair but one that leads to more severe social and political problems.

Ten years ago this week, Lehman Brothers collapsed touching off a crisis that sunk the economy and the stock market, and led to government bailouts of financial firms and automakers and an extraordinarily easy Fed monetary regime.'

- The 7th Inning of the Cycle? September 11, 2018


Context '..its the debt..'

'..unsound "money" and Credit back in 2008 appears pristine in comparison.'

'Deflation may actually boost output. Lower prices increase real incomes and wealth. And they may also make export goods more competitive.' - BIS

'..Every serious deflation I've looked at is preceded by an asset bubble and then it bursts..'


'Central banks’ seriously misguided attempts to defeat routine consumer price deflation is what fuels the destructive asset bubbles that eventually collapse.'

'..a 30-year bear market..'