The European Central Bank Goes On The Offensive | Daniel Neilson (LIVE)
Forward Guidance
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Is There a Limit on How Successful Central Banks Can Be?
Dan Minsky's core thesis is that capitalism relies a lot on inherent instability because of the business cycle boom and bust. He says central banks can limit fluctuations by providing liquidity in a crisis but they cannot eliminate these cycles. The longer stability goes on, the more you suspect some kind of financial stress is building up somewhere in the system. So this leads me to say I think right now Dollar conditions within the us are pretty stable For reasons that we've said already, but uh, but a minsky in perspective says that that you know stresses building up somewhere and It's definitely going to break somewhere. When it breaks then I will be right there with you to figure out what it was and what
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