Grant Williams says we’re reaching the acceleration phase of the crisis and that the central banks are running out of ammunition. Are we approaching a Minsky Moment?
What we’ve seen since 2008 is that central banks have corrupted the natural order of events and reflated the world’s stock markets. Unfortunately, this will make it all the more painful when reversion to the mean occurs.
This time really isn’t different, so get ready because the business cycle hasn’t been repealed.
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