9 signs that 2016 looks ominously like 2008 just before the crisis

If you haven’t seen the 2015 Best Picture nominee, The Big Short, I strongly recommend it. The Big Short is based on Michael Lewis’ book which examines how such an extraordinary financial crisis gripped the world in 2008, and the handful of people who saw it coming. The movie opens asking a very simple question about the global financial meltdown: Wall Street missed it; the Federal Reserve missed it; the government missed it; every major financial institution missed it; the homebuilders missed it. So how is it that a handful of people were able to see it coming? How could they see what nobody else saw? Easy. They looked. For … Continue reading 9 signs that 2016 looks ominously like 2008 just before the crisis