Cornell Prof Who Called the 2008 Crash, Sounds Alarm on Hidden Debt Bomb and Civil Madness

Forget stocks and Treasuries—when the next crisis hits, it will be private markets in the spotlight. Cornell’s Dave Collum warns that private credit, private equity, and private debt—opaque, leveraged, and ballooning—pose the real systemic risk. Today’s debt-fueled economy, he argues, is on autopilot toward disaster: inflation rises, policy missteps persist, and a reset looms—either through default or money printing.

Collum also flags a chilling backdrop: a “digital deep state” manipulating information, widening the gap between official narratives and reality. In his view, markets aren’t just fragile—they’re dangerously misled. Brace for the fallout.

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