"Game Over"

by Ernst Wolff Saturday, Mar. 09, 2019 at 9:14 PM

The financial economy uncoupled from the real economy.

The financial world reached a turning point at the end of 2018. For nearly ten years, the central banks kept the global financial system artificially alive by creating trillions of dollars, euros, British pounds, Japanese yen, and Swiss franks out of nothing and awarding credits at low-interest rates.

With that, they initiated a development that no one could foresee. The financial markets have gone from one record to the next over a period of 115 months. The whole also had a shady side because the measures meant

• less and less money flowed into the real economy compared to the financial markets,

Original: "Game Over"