2008 Was An Appetizer. The American national debt is now over $17 trillion dollars. The housing crash and resulting crisis of 2008 was just a preamble to the chaos that will ensure when the government can no longer pay its bills. It's not "if," but "when" it will crash.
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US Economy
Let's face it, when our portfolios are skyrocketing every time we log in to check the balance, that little voice in our heads says "leave it alone, you're doing great!" This is known as the "wealth effect", which states that we all "feel" richer when we see our paper assets going up.