Wednesday, August 27, 2014

Financial Crisis will return

There will again be a financial crisis because if you look at the cause of the last financial crisis, it was overly expansionary monetary policies that led to excessive credit growth and the very high leverage in the system was most noted in the US. And now they have bailed out the financial system by pumping even more money in the system. Excessive credit brought the crisis out and now the medicine is even more credit.