A few factors that were extremely evident from 6+ months ago: 1. US stock market is massively overvalued due to being propped up by QE for years 2. China's gr

A few factors that were extremely evident from 6+ months ago: 1. US stock market is massively overvalued due to being propped up by QE for years 2. China's growth rate is largely fabricated 3. Russia's oil economy is finished as a result of sanctions 4. European troubles with Greece are undermining confidence in the EU 5. Japan's economy is weak due to demographic slide 6. Nigeria's growth is weakened due to instability 7. Consumer demand in the US and much of Europe is weak due to poor wages and high real unemployment 8. US stocks are being pumped as much as possible by hollowing out companies for short term gains, handicapping their long term capacity to keep providing gains The actual date was picked "7 years-ish after the last financial meltdown" because sometimes these things follow roughly 7 year cycles.