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Video: Bubbles always implode

By Tom Winnifrith | Wednesday 20 July 2022


 


Author David Hay is plugging a new book, “Bubble 3.0” which is a warning about the problems inherent in the financial system. He says that the Fed is the main culprit for bubble creation, and such bubbles always get wrecked. The Fed has kept rates at great depression levels despite reasonable economic activity and that, Hay argues, is plain daft.

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Video: Bubbles always implode