Nice to see this info going mainstream. Although I doubt it will do anything to mitigate the disaster.
https://www.nytimes.com/2018/09/18/o...ets-crash.htmlIn their campaign to contain the risks that caused the Great Recession, central bankers may have planted the seeds for the next global economic crisis.
Today the markets are even larger, having grown to 360 percent of global G.D.P., a record high. And financial authorities — trained to focus more on how markets respond to economic risk than on the risks that markets pose to the economy — have been inadvertently fueling this new threat.
Over the past decade, the world’s largest central banks — in the United States, Europe, China and Japan — have expanded their balance sheets from less than $5 trillion to more than $17 trillion in an effort to promote the recovery. Much of that newly printed money has found its way into the financial markets, where it often follows the path of least regulation.
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