In 1929 the Stock Market crashed. After pumping massive stimulus into the economy, the markets regained over 60% of what they lost.
But the underlying problems that created the crash had not been addressed. The massive buildup of debt had not been addressed. In reality, the reckoning had only been delayed.
Fast forward 80 years. The stock market crashed in 2008, a great financial crisis plunged the world into chaos. Massive liquidity was pumped into the system. In 2009 the Federal Reserve could see sighting of economic "green shoots" everywhere.
But conditions are rapidly deteriorating. The underlying problems that created the crash have not been addressed. The massive buildup of debt has not been addressed.
Is another violent financial episode looming?
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