Deja Vu All Over Again

Everything is great. We’re riding high. The stock market is up. Employment is up. Analysts and pundits see nothing but smooth sailing ahead.

It sounds an awful lot like 2007.

It’s like deja vu all over again.

As an article published at The Conversation pointed out, there were two key problems lurking below the surface in the mid-2000s that few people paid any attention two. Those same two factors exist today. And once again, few people are paying much attention.

Excessive household debt A ho...