This past week in particular has seen no end of pontificating on the causes of and lessons learned (?) from the 2008 Financial Crisis.
In one sense it's been a bit humorous to see the likes of a Ben Bernanke, Jack Paulson and Tim Giethner being fawned over in interviews on their retrospectives of that dark hour. During this weekend's show (two segments of which I spent with Al Korelin on that crash and what factors are already taking shape which will lead to the next one) I likened listening to these guys as akin to hearing from Jack the Ripper on the virtues of knife safety.
You can find those shows I refer to at http://www.kereport.com/2018/09/15/hour-2-remembering-financial-crisis/
For present purposes, a Fed notably more "hawkish" for various reasons than anything we've seen in well over a decade appears on the road to prompting the next deflationary unraveling. I discussed this dynamic at some length in the first regular issue of The National Investor; that excerpt can be read or downloaded by clicking on the below: