The next stage of “Moral Hazard?”
Hope came unglued all over again.
“Consumers just don’t seem to be showing up….”
“Weaknesses in energy and manufacturing, as well as world economic softening”
The goods-based economy swoons.
Bad breath of zero-interest-rate era wafts over real economy.
Slack demand and sudden overcapacity.
That didn’t even happen during the Financial Crisis.
“A drawdown much like the one we saw in 2009 and 2010.”
But it “shouldn’t lead to an outright crisis,” like the Financial Crisis, “at this point in time.”