Michael Cowan: Why Everyone has failed to Predict the Stock Market Crash

For years, analysts have been predicting “the big one”—the market crash that would reset asset prices across stocks, real estate, and crypto. Yet, despite seemingly unsustainable valuations and glaring economic cracks, the market indices continue to defy gravity, often setting new highs. Why haven’t the predicted crashes materialized? Are the bears fundamentally wrong? According to economic analysis by Michael Cowan, the failure to predict the crash stems from a fundamental misunderstanding of the crisis itself. The real danger isn’t a traditional market crash; it’s a slow, insidious economic collapse driven by the debasement of the US dollar and the global fiat…