Satyajit Das sees a the global financial bubble popping for reasons well documented on these threads.
Paywall for the AFR aside, DAS quotes Keynes:
"we must expect the progressive breakdown of the existing structure of contract and instruments of indebtedness, accompanied by the utter discredit of orthodox leadership in finance and government, with what ultimate outcome we cannot predict."
Das does contract himself. He says that governments must act now while also flagging the limited tools available to do so ……. helicopter money aside. Helicopter money may work for the EU, China or the US but locally it would, if sufficiently applied, trash the AUD into oblivion.
cheers
