We get an economic crisis every six or seven years. The last one was in 2008, so that means....
The mistake is to think this happen naturally, like meteorological events. These crises are a result of policy. This summer the Fed started slowing down its inflationary "quantitative easing" policy, and now we are seeing the end of the bull market. Market down, world growth slowing, oil prices headed south. The Saudis will not ease back on production in order to capture more market share. This will really hurt our unconventional oil production in North Dakota and Texas.
Jim Rickards, the Wall Street guru who wrote "Currency Wars" explains the current dynamic here: The Death of Money Sooner or later, we will have to stabilize our money supply to preserve the dollar's status as the international reserve currency. I'll vote for any politician who forces attention on this matter.
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