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Every crisis since 1929 has been manufactured. Just look at what the central bank(s) are doing and you get reliable results. The current monetary system create
by sprash 7y ago
Every crisis since 1929 has been manufactured. Just look at what the central bank(s) are doing and you get reliable results.
The current monetary system creates money in form of debt with interest which can only be paid by issuing even more debt.
As soon as the central banks pull the plug on liquidity (either by raising rates or fixing the balance sheet) you will have a cascade effect of bankruptcies which "clears out" all debt that could never be repaid in the first place.
Right now the central banks are increasing liquidity around the globe again hence the low probability of a recession.