Though the bullish cabal postulates that serious market tops and corrections can only occur in response to recession, those observers may not be focused on the changing landscape of a flat, networked and interconnected world and could be failing to properly analyze failed or less effective monetary policy.
The current conditions that have presaged a possible developing global economic crisis are sui generis – in a class by itself, unique and served up by a financial culture and orthodoxy that may have never existed before. And, though history rhymes, the outgrowth of malinvestment that has been emitted from current conditions is taking different forms, as it has done in each progressive cycle.
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