Hi Jimmy
but it needn't be a depression if done carefully.
The public will do what it will do
A factor which cannot be measured is the public ability to change sides rapidly on publication of one adverse comment in the news
All the careful economic rationale swings on public opinion. I have seen the mood change instantly so many times to believe that it is impossible to know when and where it can happen plus IMHO the leaders do not have the capacity to handle anything carefully as they do everything well after it was necessary, in retrospect .
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