What could be the catalyst for another March-style slump? Take your pick! China’s new security law in Honk Kong began being enforced in the last week. It’s even more draconian and authoritarian than expected.
If you want to talk about a real and long-lasting crisis, try an economy where young people can’t go to work, are saddled with debt, can’t buy a house and are robbed (by their government)…
COVID was the needle that pricked a valuation bubble. But the even bigger bubble has been blowing since 1987. That’s the bubble in central banking.