> We're living through a major real world event now, and the financial markets haven't collapse...
Central banks are pumping money into the economy at a record rate right now, and still not able to get unemployment down to "normal" levels.
This causes supply chain problems and inflation signals that , unless they get resolved, will force the central banks to pull back most of the stimulus. THAT is when the crash will come (if at all).
If that comes, central banks will have a choice. Double down on the austerity, raise taxes and try to weather the storm, or restart the money printer and risk very high inflation, if not hyperinflation.
My bet is on the latter, as goverment obligations are so high right now that I doubt they have the stomach for austerity.
Central banks are pumping money into the economy at a record rate right now, and still not able to get unemployment down to "normal" levels.
This causes supply chain problems and inflation signals that , unless they get resolved, will force the central banks to pull back most of the stimulus. THAT is when the crash will come (if at all).
If that comes, central banks will have a choice. Double down on the austerity, raise taxes and try to weather the storm, or restart the money printer and risk very high inflation, if not hyperinflation.
My bet is on the latter, as goverment obligations are so high right now that I doubt they have the stomach for austerity.
This crisis is not over....