Unlike that era or the more recent sub-prime and real estate driven crisis of 2008-2009 the crisis this time around looks to be not only much broader with substantial issues facing the energy and banking sectors particularly in North America and Europe. Additionally emerging markets that have seen credit and capital flows dry up as the commodities boom turned to bust. What remains to be seen is if the command driven Chinese economy can avoid a hard landing as their debt based growth model rapidly approaches what should be an unraveling that will go down in the history books for all of the wrong reasons.
This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.
You can catch me on the radio at noon each business day as well on California’s central coast. KPIG 107.5 FM in the Monterey Bay or KPYG 94.9 FM in San Luis Obispo.
Rebroadcasts, additional writings and other entries are also available on my Blog at www.clinvestments.com
Wealth management advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.