The Last Time This Happened Was October 1929: ‘Stalling Markets’


The combination of American trade protectionism and the end of a failing credit expansion is leading into a global economic downturn, and potentially a systemic crisis. Meanwhile, investors still believe more extreme monetary policies will stabilise economies and that the ultra-low interest rate environment will persist without renewed price inflation. As Samuel Johnson reputedly said of a second marriage, it represents the triumph of hope over experience.

Learn More:
https://www.zerohedge.com/news/2019-07-19/stalling-markets-last-time-happened-was-october-1929

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