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On today\\u2019s show we are exploring the limits that could trigger the next major breakage in the economy. I believe that the conditions are consistent with those that led up to the black Monday stock market crash in 1987. I remember that day very well. I was in my fifth year running my family\\u2019s investment portfolio and I was in my early 20\\u2019s. What\\u2019s different then is that the US had a debt about 30% of GDP and an annual deficit running about 2% of GDP. Today, the US has a debt of 130% of GDP and a deficit of about 8% of GDP.\\xa0

There are stark differences, and some similarities.

I believe that the first dominos fell earlier this year in March. But it didn\\u2019t create a huge domino effect cascading throughout the system. Part of the reason for that is that the US had stopped issuing new treasuries. If you remember, the US had exhausted its debt ceiling and was spending down the balance of the Treasury General Account.\\xa0

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Host: Victor Menasce

email: podcast@victorjm.com