Keep October 1987 Black Monday crash in mind: Former Treasury Sec., Goldman chair Robert Rubin's message to the market

He said that for years before the October 1987 crash, conditions were considered to be "highly in excess and nothing happened in the markets.""When I talk to people in the markets, I say there is one date you ought to keep in mind: Oct. 19, 1987," Rubin told CNBC senior finance and banking reporter Leslie Picker at the Summit.But the "ultimate serious consequences," which Rubin said he believes are "highly likely to be out there," lead him back to October 1987.The effects of the rising debt are just barely ...