Why The Next U.S. Recession Will Be Exceptionally Painful
Why The Next U.S. Recession Will Be Exceptionally Painful
We all know another recession is coming at some point. Economies are cyclical. Bust always follows boom in the same way the moon follows the sun. We very nearly had a recession in early 2016. I remain impressed how it was averted then by the application of tremendous amounts of newly-printed-from-thin-air money. It took several trillions of dollars globally, but it worked (if we can call enabling the global economy to take on additional $trillions in debt that will never be repaid ‘working’)
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I can't believe the buybacks are allowed at the scale they're being conducted at. They are hollowing out our companies in the same way the LBO vultures do. When it ...
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