Ever since Joe Biden took office, watching what has happened to our economy has been like watching a train wreck in slow motion. We know what’s coming. We know how bad it’s going to be, but there’s not anything we can really do about it.

People have been warning of recession for a while now, and some have said that we are technically in one right now.

But according to some, the worst hasn’t even started yet.

I want you to read closely what it is that Charles Payne said, so take a close look at this:

Charles Payne:  At this point, I’m wondering if we should be calling the end of the world bubble, the real bubble out there.

Tavi Costa, points out that the recent banking problems remind us that the economy is facing what he calls a “trifecta of macro imbalances.”

In other words, this has rarely ever happened.

** The debt problems of the 1990s. We’re in a 98% Taliban – Only 2% of the time has this problem been worse.

** Speculative environment of the 1990s – Only 1% of the time has the market been this expensive, this speculative in history.

** And inflation issues of the 1970s at  88% – So only 12% of the time have we seen that kind of risk. He’s calling that the trifecta.

But I got to tell you something, he is not alone. Check this out. They’re now saying at JPMorgan we could be in what they’re calling the “Minsky Moment.” I’m thinking maybe this is some sort of composer I’ve never heard of before. Instead, it’s a little bit more ominous than that.

So here’s the Minskey moment for you. The onset of market collapse. This is at the onset of a market collapse, part of its reckless speculative activity. Also, investors engage in excessively aggressive speculation and they take additional credit risk. Right?  This is the key part here. The additional credit risk. And the tipping point for all of this is reached and extreme that is really just unsustainable.  So in other words, it’s a house of cards and it all starts to come down.

So, in the sea of all of this doom and gloom, is there any hope? Let’s bring an RIA advisor. CIO Lance Roberts…

Janet Yellen has even said that the U.S. may intervene again to protect the banking system. You know what that means, right? They absolutely are going to. They never say things like that unless they’re forced to. I mean just look back over the last year and a half and how the Biden regime has been saying that there won’t be a recession. They’ll lie about it until they can’t anymore.

I hope you’ve all got your financial situation in order, because if you don’t you may be in for a bumpy ride.