Answer: Absolutely not.
Business cycles will never be repealed because to every human action there is a reaction. Sometimes it takes time to experience the "reaction" (feedback), but you can rest assured it will come.
For example, easy money is always followed by boom times in some asset classes (stocks, real estate, commodities). Their action, however, will cause strains in the system (feedback), and the system will correct.
This is exactly what we are experiencing right now as a result of the easy money policy following the stock market debacle of 2001-2002.
More on www.peterdag.com
George Dagnino, PhD
Editor, The Peter dag Portfolio on www.peterdag.com
Since 1977
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