Global monetary policy has been “ultra-easy” for many years. Yet it is becoming clear it is now caught in a debt trap of its own making.
Continuing on the current monetary path is ineffective and increasingly dangerous. But any reversal also involves great risks. It follows that the odds of another crisis blowing up continue to rise.
It is to be hoped that the preparations being made by policymakers to manage such a situation are evolving at the same pace. Simply crossing your fingers and praying that “it might never happen” would seem imprudent, to say the least.
您已閱讀14%(568字),剩余86%(3588字)包含更多重要信息,訂閱以繼續探索完整內容,并享受更多專屬服務。