I’m not saying you’re wrong, because I don’t know enough details about their economy at that time, but people have been saying that about the US economy for decades and it hasn’t happened yet (not that I think it wouldn’t under Trump, because he’s really going nuts on it, but…).

Do you have anything you can point to that makes the case that the situation was so precarious that collapse was inevitable, or just that they were precarious (as the US has been since GWB at least)?