Analysis of international finance - Jean-Louis Caccomo - Bog

The current system is over-indebted, current growth is both too weak and artificial, and the financial markets are totally inefficient and out of touch with economic reality! We are facing an astronomical financial bubble that has its roots in the mismanagement of public finances over the last 30 years, fuelled today by the expansionary monetary policies pursued by the US Federal Reserve and the European Central Bank. It would appear that we have learned nothing from the financial crisis of 2008, and that the only solution to our problems is to rush forward. But for how much longer? The self-destructive pattern in which we have been embroiled for too long is swallowing up the economy and seriously jeopardising our democratic pact. We are on the brink of an unprecedented economic and financial disaster. The question is, what will it take to ignite the fuse?