My comment: I find it difficult to predict the stock markets because they are not fundamentally driven (it's the CBs that control the markets). But I do think that peak debt will spell doom for all bubbles here and globally. I would add mortgage debt to the 3 debts in the article below (RE prices are mind blowing).
The three heads of the consumer debt monster consist of student loans, auto loans, and credit card debt. What makes these debts particularly nasty is that there’s no collateral backing them. Where’s the collateral?
Market Data 
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