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Dave Collum, professor / financial commentator at Cornell University (Emeritus), cautions that the global financial crisis may pale in comparison to a potential upcoming economic event, based on a referenced analysis.
Collum urges readers to carefully consider the analysis and suggests that what is coming could be far more significant than previous crises.
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Collum has previously questioned official inflation data, highlighting rapid credit card balance growth and low consumer confidence in the U.S. in a recent analysis. He has also discussed the possibility that policy decisions, such as Warsh's appointment, could be intended to oversee a controlled restructuring of the financial system. These earlier assessments add context to his latest warnings.