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mk · 3348 days ago · link · · parent · post: Heather Stewart: Next financial crash is coming – and before we've fixed flaws from last one
Yes, they call economics the 'dismal science' for a reason. It's necessarily full of psychology, speculation, and curve-fitting. At best, I think one can look at deviations from historical means, and then try to conclude if the cause for the deviation is long-lasting or not. It is a fairly popular view that monetary policies enacted to fight the last large recession fueled equity and asset bubbles, without the intended effect upon inflation, at least up to this point.