Doomed To Repeat History

Here we go again. Perhaps the one thing that has been more surprising than the resilience and persistence of the stock market throughout the post financial crisis has been the complete and total abdication of sound decision making by global regulators and policy makers in taking actions in the wake of the last two crises to prevent yet another market implosion in the immediate future. But here we go again. Same misguided policy actions, same policy oversights and missteps, same expected results at some point in the future.

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