from The Daily Bell:
The world’s next credit crunch could make 2008 look like a hiccup. Is this why central bankers are so scared of raising interest rates? – Telegraph
Dominant Social Theme: Markets go up and down. Not to worry.
Free-Market Analysis: This is a good analysis of what could go wrong with world markets (especially Western and US ones) and why … It touches on a number of memes: Sort through them to better understand what’s taking place, or what could take place – and could not.
Maybe it’s too quiet. Last week, Ray Dalio, the founder of the $165bn (£110bn) hedge fund Bridgewater Associates, wrote a widely-circulated note warning his clients that the US Federal Reserve risked setting off a 1937-style crash when it starts raising interest rates again.
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