marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,464
This guy believes that Central Banks have essentially made recessions a thing of the past.
https://www.cnbc.com/2019/04/30/fed...-eliminated-recessions-palihapitiya-says.html
He writes:
“We have completely taken away the toolkit of how normal economies should work when we started with QE. I mean, the odds that there’s a recession anymore in any Western country of the world is almost next to impossible now, save a complete financial externality that we can’t forecast.”
Personally I believe that recessions are a good thing, allowing markets to clean out and reset themselves and, from a selfish standpoint an opportunity to find bargains.
https://www.cnbc.com/2019/04/30/fed...-eliminated-recessions-palihapitiya-says.html
He writes:
“We have completely taken away the toolkit of how normal economies should work when we started with QE. I mean, the odds that there’s a recession anymore in any Western country of the world is almost next to impossible now, save a complete financial externality that we can’t forecast.”
Personally I believe that recessions are a good thing, allowing markets to clean out and reset themselves and, from a selfish standpoint an opportunity to find bargains.