If slowing growth, unsound financial systems and the coronavirus don’t trigger a market meltdown, central banks will

Abstract

In July 2007, the Post published my article with the headline “Get ready for stock market collapse”. Three months later, share prices slid into the abyss of the global financial crisis. I haven’t predicted a market collapse since. I am predicting one now. A decade of easy money has only compounded the problems. Central bankers know this, and may seek to mitigate the distorting effects of low interest rates.