Credibility Loss
How the economy is zombified and society is divided
Credibility Loss
Ronald Stöferle, Rahim Taghizadegan and Gregor Hochreiter, experts in the field of “Austrian Investing”, have been dealing successfully and profitably with the benefits of the Austrian School of Economics for investment for many years. In their new book, they specifically address the question of how private investors can benefit from this approach and build sustainable wealth.
It has been years since the Great Financial Crisis, but we have still not overcome the effects. The central banks continue to flood the markets with cheap money. However, the success of this policy has been a long time coming. The “all-in” monetary policy of the central banks managed to drag the global economy into the next round and halfway stabilise the situation. But the savers have been fighting a lost cause against the consequences of the open liquidity floodgates, i.e. the low(est) interest rates.