Interesting choice of topic buddy.
With current ammount of FIAT being printed and pumped into financial economy - we can only witness even bigger gap between financial economy and real economy.
The way those funds are being distributed makes me feel, that central banks will do anything and everything to support growth on stock markets. Taking care of rich and wealthy in the first place.
the closest one would be 1919–1929 ending with the catastrophic crash — that lead to the great depression:
Reason behind this crisis was different. Based on my understanding - lack of liquidity was the trigger. And that was caused because currencies were pegged to gold (limited resource).
I’m saying it is MUCH LESS dangerous than hysteric hype propagated through corporate media
I believe that you're wrong. Mass media have been doing everything to make problem look small. If anyone believe that China would decide to clamp down so many cities and put entire economy on hold, bringing unstability within their communist party and for the first time in 10 years facing enormous recession - then we really do not know much about china. Don't get me wrong. I think we should be scared.
Upvoted already,
Yours, Piotr