1929/2008 structural parallel: identical debt bubble → bust → ZLB → MP2 required sequence. The analog suggests QE/monetization becomes dominant tool and political polarization intensifies, as in 1930s.
1929/2008 structural parallel: identical debt bubble → bust → ZLB → MP2 required sequence. The analog suggests QE/monetization becomes dominant tool and political polarization intensifies, as in 1930s.