Want to create an interactive transcript for this episode?
Podcast: The Real Estate Espresso Podcast
Episode: Danger - Be Careful Out There
Description: On today’s show we are exploring the limits that could trigger the next major breakage in the economy. I believe that the conditions are consistent with those that led up to the black Monday stock market crash in 1987. I remember that day very well. I was in my fifth year running my family’s investment portfolio and I was in my early 20’s. What’s different then is that the US had a debt about 30% of GDP and an annual deficit running about 2% of GDP. Today, the US has a debt of 130% of GDP and a deficit of about 8...