Satyajit Das, “The Bubble’s Losing Air. Get Ready for a Crisis” The former banker turned author argues that the “everything bubble” is deflating. He warns us that the fact that it’s happening relatively slowly shouldn’t blind us to the real threat: the world is dangerously underestimating how hard it’ll be to deal with the fallout once it pops. Investors need to start focusing on how best to respond to a new crisis because policy-makers are constrained and the choices are more limited than many realize (reads in 5-6 min).
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