At this point in the boom-bust cycle, the Bernanke led monetary inflation is, in dollar terms, not only 1.7 times larger than the monetary surge that gave us the housing bust turn Great Recession, but it's a surge that is currently running at 2.1 times the rate seen in the housing boom-bust.  And to top it all off, that rate differential seems to be blowing out.

If these trends continue much longer, we think the next Great(er) Recession is virtually guaranteed.

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