(Un)Intended Consequences: Uncertainty, Inflation & Inflexibility

Present policies may be sowing the seeds for the next financial crisis. Despite recent market optimism, we believe present interventions could produce significant future adverse and unintended consequences. Rather than curing the patient, the present initiatives may be overprescribing the patient with medication that cause significant side effects (and leave a bad taste in the mouth). Prior steps taken by policy makers and central banks seem to have by and large succeeded in stabilizing

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