Biden is continuing Trump’s break with the neoliberal, trickle-down economics of Clinton, Bush and Obama

 United States has moved into a de facto, if not de jure, state of permanent debt monetization—a policy that began under Trump and Fed Chair Jerome Powell.

If policies to reduce inequality lead to unsustainable increases in private and public debts, the stage could be set for the kind of stagflationary debt crisis I warned about earlier this summer.

Nouriel Roubini MarketWatch 3 August 2021 

https://www.marketwatch.com/story/why-bidens-economic-policies-are-more-like-trumps-than-obamas-11628003140

After ‘the Minsky Moment’ crashes overheated speculative markets, ‘the Volcker Moment’ will arrive to crash the debt-burdened global economy

Nouriel Roubini MarketWatch 30 June 2021 2021

https://www.marketwatch.com/story/the-looming-stagflationary-debt-crisis-will-deliver-a-one-two-punch-to-markets-and-economies-11625078897

At some point, this boom will culminate in a Minsky moment (a sudden loss of confidence), and tighter monetary policies will trigger a bust and crash.

Roubini: The Looming Stagflationary Debt Crisis

https://englundmacro.blogspot.com/2021/07/roubini-looming-stagflationary-debt.html

Let me explain now in more detail why we are now back to the risk of a total systemic financial meltdown

This is not just a US financial crisis; it is a global financial crisis hitting institutions in the US, UK, Eurozone and other advanced economies (Iceland, Australia, New Zealand, Canada etc.).

Nouriel Roubini Sep 29, 2008

https://www.internetional.se/doom071126.htm#detail