Towards the crisis

GnS Economics/Tuomas Malinen/10-15-2019

Image of Humpty Dumpty clinging to wall, about to fall“No one dares to look at the facts—or if they do, they dismiss them. Denial is a powerful force. The fact is that monetary policy is running on empty, at least in the Eurozone, and governments can provide only limited fiscal stimulus. We’ve reached the end. There’s nothing left to do than prepare for the crisis and wait. And, to be very afraid.”

USAGOLD note:  A simultaneously dire and persuasive forecast from economist Tuomas Malinen, chief economist at GnS Economics and Adjunct Professor of Economics at the University of Helsinki.

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