I like the point about using Financial Easing to avoid recessions. The 2008 event could've been much worse than the 1929 recession if the global banking system had collapsed. But there's a price to pay - the devaluing US dollar (and other currencies). So the message is clear - be asset rich and cash poor.
I like the point about using Financial Easing to avoid recessions. The 2008 event could've been much worse than the 1929 recession if the global banking system had collapsed. But there's a price to pay - the devaluing US dollar (and other currencies). So the message is clear - be asset rich and cash poor.
I couldn't have said it better myself, Denis! 💪