Carmen Reinhart and Kenneth Rogoff, in their excellent, eponymous book on debt crises, argue that the most dangerous words in any language are “This time is different.” Perhaps the next most dangerous words are “Next time will be different.” These words are often uttered when politicians and central banks want to bail out some troubled segment of the econoy….So Will Next Time Be Different? See the answer by Raghuram Rajan. These messages are universal and can be very useful to such an island like Réunion when we look at the crisis inside which this economy has fallen !!!!
The Fed will Sacrifice The Dollar to Further Enrich Billionaires and Wall Street !!