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If you have the Fed artificially buffering the expansion & recession forces (as we have, with their zero rates forever, QE infinite), you could see a slow overa
by adventured 6y ago
If you have the Fed artificially buffering the expansion & recession forces (as we have, with their zero rates forever, QE infinite), you could see a slow overall rate of growth stretched out over a long period of time instead of a sharp & brief recessionary contraction and sharp bounce back as typical in the past. Their never-ending stimulus may smooth out that expected event. In that scenario, the only thing likely to cause a meaningful recession is an (perhaps inevitable) epic asset bubble popping, from some very high price point that gets so high in a parabolic run that it's unsustainable even if pumped by 0% Fed rates (think Bitcoin crashing down from the rapid run toward $20k or the last quarters of the dotcom bubble run).