Raising Fortunes for Wall Street and Birthing Hardship for US ~ The Ghion Journal

Journal, CNBC and their ilk are yet again banging the drums and cheering the institutional gluttony of Wall Street, there is an ominous shadow lurking. Collective delusion is leading indicator of all downturns and market crashes. We don’t have to go back that far to realize the truth of this axiom. The last two times where the markets spiraled into recessions and took the life savings of tens of millions of Americans with it both happened within the last twenty years. The dot com bubble and the housing bubble bursts were both caused by systematic greed that convinced market professionals and everyday Americans alike that we arrived at a new day of perpetual market growth.