Since the removal of the gold standard we seem to be in a wave amplification patter - higher highs and lower lows. Our most recent bubble has been described as

Since the removal of the gold standard we seem to be in a wave amplification patter - higher highs and lower lows. Our most recent bubble has been described as a "bubble in everything"...so one could expect the bust to also impact every financial asset class. In this case, there are no hedges and people are motivated to be even more risk prone (since they are assured of being wiped out in any asset class in the next bust). This I find particularly scary...the fatalistic present embrace of high risk given the inability to find a future safehaven (i.e. enjoy today since you're surely fked tomorrow) The preppers might be on to something...