Understanding economic bubbles: Where are we heading?

Economic cycles are one of the most, if not the most, important things we need to know when studying all kinds of economic phenomena. They lead our behavior and our expectations, and can help us make important decisions in advance. Right now, we’re trying to get out of the “Great Recession” via expansive monetary policy and budgetary austerity. What should come after the end of the recession is… well, another 10 years of expansion! Does it sound easy? It isn’t 🙁 Continue reading “Understanding economic bubbles: Where are we heading?”