The Crisis of 2020
It doesn't take much to spark corrections in vulnerable economies and markets, and big shocks to highly vulnerable systems are a recipe for crisis. That's why the vulnerability of today's global economy – reflected in real economies, financial asset prices, and misguided monetary policy – needs to be taken seriously.
https://prosyn.org/ZMcoWQh
NEW HAVEN – Predicting the next crisis – financial or economic – is a fool’s game. Yes, every crisis has its hero who correctly warned of what was about to come. And, by definition, the hero was ignored (hence the crisis). But the record of modern forecasting contains a note of caution: those who correctly predict a crisis rarely get it right again.