Do all financial market crashes cause economic recessions

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1. How would you know whether a financial market was in a "boom" (as opposed to just a nice "rising market")? Apply your indicator to the US stock market from 2010. When should I have exited? If I had done that, how much money would I have given up (if I was investing, say, a $100,000 portfolio). Remember, if you say, with hindsight, that I should never have exited, give me one good reason to trust your indicator today.

2. Do all financial market crashes cause economic recessions, or are they just early warning indicators? If I said that central bank interest rate intervention has caused every crash of the 20th century, could you provide data to show that I am wrong?

3. Digital currencies and crypto-currencies are entirely different; national currencies have been almost entirely digital since the late 1950s. What is supposed to be the point to CBDCs according to the banks themselves? How do central banks think that they can displace private cryptos with central bank crypto-issues? Do we actually want that to happen?

Reference no: EM133145606

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