"The bank and the government have essentially blended into one entity" – Investment Watch
Interview with Karim Taleb Part I of II: A lot has been said and written about the impact of the Covid crisis on the global economy and on the prospects of a strong recovery in 2021. Especially since the start of the year, there seems to be a consensus among government officials, institutional leaders and mainstream market analysts and pundits, pointing to an extremely positive outlook. And yet, many investors and market observers who understand monetary history, who have studied past crises and recessions, or simply have even a vague recollection of the basic rules of economics taught in h...
Source: investmentwatchblog.com