Periodic economic resets are healthy for a variety of reasons - particularly to avoid excesses from accumulating to the point where the resulting crash creates a prolonged depression. But for another reason which is to ensure that the sociopaths who are inevitably in leadership are held accountable for the bad ideas they concoct over the course of the maturing cycle. Throughout the past 50 years, each recession has revealed scandals, ponzi schemes, and malfeasance resulting in jail time for the crooks involved. The late 1980s Savings and Loan crisis alone resulted in over 1,000 convictions. In Y2K, there was Enron, Global Crossing, Worldcom etc. Whereas the 2008 global financial crisis, which had orders of magnitude more impact than any past financial meltdown resulted in just one minor (U.S.) conviction (for some reason this article omits Madoff). Therefore, it should come as no surprise, that this cycle has led to the dumbest fucking ideas in human history now being deployed to unnaturally extend the cycle. At ALL costs. Meaning that first off, none of the sociopaths see this coming, and secondly the amount of underlying economic damage incurred in the meantime is unprecedented.
"A chorus of central bankers warning about overpriced assets, excessive consumer borrowing and the need to begin the process of normalizing world interest rates"
2 + 2 = Wave 5