this post was submitted on 29 Sep 2023
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JPMorgan’s chief strategist: "we think there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than market participants anticipate" (www.ft.com)
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[–] rubpoll@hexbear.net 15 points 1 year ago

They used to call this the Boom/Bust Cycle of Capitalism. But then economists rebranded it as "the Business Cycle" to downplay how accurately Marx described the Boom / Bust Cycle of Capitalism.