Originally Posted by
Logen Ninefingers
Of course, you won't get a short sharp recession at the end of the sort of money printing and ultra-low interest rate policies that central banks have pursued since the GFC. I doubt you can hold back the tide no matter how much state intervention is done now, the situation is too far gone. I think the eventual crash will make the GFC look pretty tame by comparison. Intervention by the central banks in markets and through QE and interest rate suppression can never end well. Of course inflation will show up at some point, and once it does the game is virtually up. Of course you need to anticipate Black Swans. But they went down this road with no clear exit strategy and without considering Murphy's Law, and have ended up hopelessly trapped.