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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.
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.