BIS: “The End Will Resemble A Financial Boom Gone Wrong – With A Vengeance”

BIS: “The End Will Resemble A Financial Boom Gone Wrong – With A Vengeance”

On Saturday in, "A Contrarian View On The Next Recession Consistent With Historical Precedent," we took a look at a recent Goldman piece that documents the historical causes of recessions on the way to essentially parroting the old adage that "history doesn't repeat itself, but it does rhyme." More specifically, we asked what might happen in the event the inflationary pressures the labor market seems to be telegraphing finally show up in the headline numbers just as crude prices get off the mat
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2 thoughts on “BIS: “The End Will Resemble A Financial Boom Gone Wrong – With A Vengeance”

  1. In 2008, there were only about $2 Trillion of grossly overvalued assets (mainly CDOs and their collateral) and now there are at least tens of $Trillions, The next recession should be substantially worse than 2008 AND the Central banks are pretty much out of bullets.

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