Replies to post #19265 on T/A ETF AND INDEX

[Vi]

Exactly. Something like that. Sovereign default, US already
did default, by printing money. I am not too crazy to short
stocks near highs, but I am not long. The outcome of Keynesian
monetary policy gone wrong is not deflation, it's sovereign
bankruptcy, a peculiar financial tsunami when stocks, bonds,
the currency, and the economy itself all crash together. The
financial risk is offloaded on the country, and the country
goes bankrupt. Crashes of stock indexes north of 95% down have
been spotted under such peculiar circumstances. It's also
called sudden stop, for a reason - it's the death itself
for the economy. -g-

"A balance of payments crisis facilitated by investor panic led
to the very outcome investor’s feared: the world’s largest ever
sovereign bond default, a collapsing currency, and
hyperinflation."