Monetary bazookas or not, 'global crisis is inevitable'

There is an "inevitable" global financial crisis on the way
We are near the end of the global recovery cycle even if it may not feel like it
China could delay the crisis through a QE 'monetary bazooka'
A new paradigm is emerging but we could jump from deflation to hyperinflation


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Until recently, the consensus assumed a strengthening of the global economy in 2016. It won’t happen. If the global economic growth manages to reach 3.1% next year, as forecast by the IMF, it will be a miracle. We are close to the end of the current economic cycle. The outbreak of a new global crisis in the coming years is inevitable. The Fed and other central banks are in a dead-end having fallen in the same trap as the Bank of Japan. If they increase rates too much, they will precipitate another financial crisis. It is impossible to stop the accommodative monetary policy.

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