The New CS Board

[jumanji0881]

Timing is everything -

And at least Mauldin is committing to a timeline for the next financial crisis: John Mauldin Warns "Prepare For Turbulence" : http://www.zerohedge.com/news/2017-07-16/john-mauldin-warns-prepare-turbulence

Excerpts:
I now feel that it's highly likely we will face a major financial crisis, if not later this year, then by the end of 2018 at the latest. Just a few months ago, I thought we could avoid a crisis and muddle through. Now I think we’re past that point.

From the BIS:
And the unprecedented period of ultra-low rates heightens uncertainty about reactions in financial markets and the economy. [My comment: Markets are hooked on low rates]

... keeping interest rates too low for long could raise financial stability and macroeconomic risks further down the road, as debt continues to pile up and risk-taking in financial markets gathers steam.
End of BIS:

Debt isn’t simply piling up; it’s up to the ceiling and pouring out the windows. Risk-taking in financial markets can hardly gather any more steam without blowing its top.

Without major reforms in place, the Trump Fed will face a recession, serious global economic issues, and a resulting major equity bear market. Think they will continue to raise rates? How long before they start to talk about supplying a little more QE to appease the markets?

The parlous state of the economy is not just an American problem, or a European or UK or Japanese or Chinese one. It is global.