Why the Next Downturn “Will Not Look Like 2008”
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Nine years of scorched-earth monetary policies come home to roost. There are always cycles. The current cycle started at the bottom of the Great Recession and will last “until central banks put on the brakes,” said Ray Dalio, founder of Bridgewater Associates, in an interview with Bloomberg. “We’re in a perfect situation, inflation … Read more