Welcome to the Age of Perennial Crisis

By Daniel Lacalle – Daniel Lacalle

The world is not going to see another crisis like the ones experienced in 2008 or 2011. No central bank or government is going to accept it. You may think the prospect is good news. However, the flip side is that this means secular stagnation and perennial crisis for wage earners and the middle class. There is a slow-motion eternal crisis that leaves the average citizen wondering why they cannot make ends meet, while governments boast about their economic stability.