Vikram Mansharamani’s second edition of Boombustology: Spotting Financial Bubbles Before They Bursthas all the great insights from the first edition plus a foreword by James Grant.
The most characteristic feature of post-WWII business cycles is that they have originated in deliberately inflationary policies directed by central banks.
Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.
Government stimulus plans blow up new bubbles to replace the old ones that had previously been created by government also. Let's end the cycle of wealth destruction.
