They've been waving their magic economy wands even harder and more chaotically since 2008, and things seem to magically stay afloat. Any rational view of "the economy" (the stock market in this case, but one could have a very similar discussion about the real economy) would say that it will all topple down any minute now. Even a liberal economist is happy to say that a recession is part of a "healthy" economic cycle. Nevertheless, the house of cards is likely to grow even taller and make the fall even more violent and deadly for the most poor.
They've been waving their magic economy wands even harder and more chaotically since 2008, and things seem to magically stay afloat. Any rational view of "the economy" (the stock market in this case, but one could have a very similar discussion about the real economy) would say that it will all topple down any minute now. Even a liberal economist is happy to say that a recession is part of a "healthy" economic cycle. Nevertheless, the house of cards is likely to grow even taller and make the fall even more violent and deadly for the most poor.