“Financial crises recur in part because memories fade.”
This time the COVID-19 has forced market to face its problem caused by greed and lack of restraint: the huge amount of debt by nonfinancial corporations.
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The question is why didn't the authorities that oversee and regulate such activities properly regulate as they should, whoever the authorities are?
Always somebody, if not this one then that one, fails to do their job. And everytime they fail but get away without getting punished.
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The infinite cash cow...
If the Fed can create unlimited amount of money out of thin air, why hasn't the value of US dollar dropped like a falling stone to the bottom of the abyss?
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