Macquarie: Capitalism Is Dead And Finance Has Become A ‘Poison’ — And There Are 3 Ways This Era Will End
via Ben Moshinsky “Investors are unlikely to see a return to conventional capitalism,” Macquarie global analyst Victor Shvets said in a note to clients. Countries started to borrow heavily in the 1980s to counter declining growth and productivity rates, halting traditional business cycles. As a result, there has been “no clearance of past excesses,” leading … Read more