domingo, 30 de maio de 2021

Recuperação falsa

 

"The recovery we are witnessing today is built on the crumbling foundations of the serial malinvestments which resulted from previous attempts to avoid the recessionary pain caused by the GFC. If structural inflation can be engendered, an escape from the worst ravages of overindebtedness may be nigh, but, until markets clear and zombies die, what economic growth there is will remain suboptimal." ~ Colin Lloyd

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