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Everything is on fire


https://www.afinalwarning.com/520557.html
(Natural News)
What Heraclitus meant was that the world is in a constant state of flux. But the big problem in the next few years is that the world will experience a fire of a magnitude never seen before in history.
(Article by Egon von Greyerz republished from GoldSwitzerland.com)
I have in many articles and interviews pointed out how predictable events are (and people). This is particularly true in the world economy. Empires come and go, economies boom and bust and new currencies come and without fail always go. All this happens with regularity. ....

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Will the real financial bubble please stand up?


 
As Congress begins to reconcile the different versions of financial stimulus passed by the House and Senate to relieve the devastation of the COVID-19 pandemic, we can only hope that someone brings a rigorous sense of financial reality to the table. There is a lot at stake beyond the immediacy of the devastating effects of the pandemic. Congress may once again be paving the path to the next financial crisis.
Financial collapses typically follow the creation of economic bubbles, so it is useful to understand when bubbles are forming. Most bubbles are characterized by too much credit chasing overvalued assets. Many financial bubbles often masquerade for some time as strong economic growth, shedding their disguises only when it is too late to stop them from bursting. Just like the contestants in the popular 1960’s TV game show “To Tell the Truth,” which climaxed when the real baseball player or plumber was asked to stand up and surprise the audience ....

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Will excessive monetary and budget policy experimentation end in tears?


© Washington Post/Pool
All economists agree that in the wake of the COVID-19 pandemic, the United States is engaged in a period of extraordinary monetary and budget policy experimentation. They also all agree that this experimentation is taking place at a time of a global “everything” equity price and credit market bubble of epic proportions.
Where there is legitimate room for disagreement is in how the current economic policy experiment ends. While the Biden administration believes that this experiment will usher in a period of prolonged and stable economic growth, an influential group of distinguished economists, including former Treasury Secretary Larry Summers and former International Monetary Fund (IMF) chief economist Olivier Blanchard, believes that it will result in an unwelcome inflationary burst and another leg down in the economy.  ....

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