By 
Didier Darcet
14 January 2021

Do Keynesian Policies Increase Stock Market Fragility?

Injecting liquidity into the stock market is a bit like taking an aspirin when one feels sick. It lowers the fever (a short-term relief), sometimes at the expense of long-term recovery.  Could it be that printing money extensively and cutting rates to low levels for too long increases market fragility as well?


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