to the 2008 global financial crisisledto the 2008 global financial crisis

a new phase to the global financial crisiscould triggera new phase to the global financial crisis

financial instability when they unavoidably burstcould causefinancial instability when they unavoidably burst

The Great Depression and the Great Recession(passive) were triggered byThe Great Depression and the Great Recession

to a broad financial crisis and credit crunchwill leadto a broad financial crisis and credit crunch

Recessions(passive) created byRecessions

in tears ... for investors acting on bad incentivesmay resultin tears ... for investors acting on bad incentives

the potential for a future financial crisiscreatethe potential for a future financial crisis

financial market instabilitymight causefinancial market instability

up to the credit crunch of 2008leadingup to the credit crunch of 2008

to Japan 's first lost decade from 1991–2000ledto Japan 's first lost decade from 1991–2000

to an economic crisismay leadto an economic crisis

financial system instabilitiescausefinancial system instabilities

exceptional financial turmoil(passive) created byexceptional financial turmoil

Crashing markets , stock , real estate , or whatever(passive) are caused byCrashing markets , stock , real estate , or whatever

to crazy valuations — asset bubbles that can burst at any moment because they are n't based on fundamentalsleadingto crazy valuations — asset bubbles that can burst at any moment because they are n't based on fundamentals

Most of the world wide financial crisis , like the Mexican crisis , Asian financial crisis and lately the sub - prime crisis(passive) are caused byMost of the world wide financial crisis , like the Mexican crisis , Asian financial crisis and lately the sub - prime crisis

us into the next crisiswill leadus into the next crisis

the conditions for the current crisiscreatedthe conditions for the current crisis

to strong credit growth such as real estate and stock marketleadsto strong credit growth such as real estate and stock market

The long - term slump in Japan(passive) was sparked byThe long - term slump in Japan

in the existence of imperfect information in financial marketsoriginatein the existence of imperfect information in financial markets

much more economic damage if the asset purchases involved leveragewill causemuch more economic damage if the asset purchases involved leverage

downstream financial crises within the system ... particularly in 2015createddownstream financial crises within the system ... particularly in 2015

to all sorts of negative social and economic consequences and 10 year LOCAL real estate tax abatements for THESE DEVELOPERSleadingto all sorts of negative social and economic consequences and 10 year LOCAL real estate tax abatements for THESE DEVELOPERS

risks to the financial system that could have large negative effects on the macroeconomycreaterisks to the financial system that could have large negative effects on the macroeconomy

without gaining traction on the real economy which could have major global ramificationswill be createdwithout gaining traction on the real economy which could have major global ramifications

to severe economic consequences ranging from wasteful over - investment and frenzied trading during booms to devastating financial crisescan leadto severe economic consequences ranging from wasteful over - investment and frenzied trading during booms to devastating financial crises

a banking crisis it is important to solve the banking crisis and move on as quickly as possible 13 13 1does causea banking crisis it is important to solve the banking crisis and move on as quickly as possible 13 13 1

and destroyed by a malevolent Fed trying to push us toward a one world government , economy and religion as powered by megalomaniacal , satanic trillionaires who have destroyed our middle class , our Constitution and our moral standards in order to drive us into their version of the ideal Platonic society where we all get to become their feudal indentured servants and slaveshave been createdand destroyed by a malevolent Fed trying to push us toward a one world government , economy and religion as powered by megalomaniacal , satanic trillionaires who have destroyed our middle class , our Constitution and our moral standards in order to drive us into their version of the ideal Platonic society where we all get to become their feudal indentured servants and slaves

to speculative asset price busts — i.e . deflationlead inevitablyto speculative asset price busts — i.e . deflation

the difficulties(passive) caused bythe difficulties

to another mega burstleadingto another mega burst

from speculative investmentsresultingfrom speculative investments

largelyresultlargely

in most classes , fuelled by cheap money ... leading to a mispricing of credithave been createdin most classes , fuelled by cheap money ... leading to a mispricing of credit

in house prices increasing so much that few people can afford to get onto the housing ladderresultin house prices increasing so much that few people can afford to get onto the housing ladder

as hedges against higher costs and uncertain energy availabilitycreatedas hedges against higher costs and uncertain energy availability

economic destabilisation(passive) caused byeconomic destabilisation

an illusion of wealth Consumers wake up rich , consume excessively Inaccurate self - perception of wealth led to : Unsustainable elevation in consumption 17 MKTcc347createan illusion of wealth Consumers wake up rich , consume excessively Inaccurate self - perception of wealth led to : Unsustainable elevation in consumption 17 MKTcc347