Millennials Will Crash the Economy. Good Job!

The only way a financial bubble can end is to collapse. But the more obvious it becomes that the economy is on an unsustainable path, the more vested interests will try to extend it, making the crash even worse. As a result, even though it is going to be grim, signs that they are no longer going to be able to sustain the economy are actually good news. Did you know that 61 percent of Millennials don’t own one credit card? At his Global Economic Analysis blog,¬†Mish quotes from MarketWatch: Read more […]