Could the Next Financial Crisis Arise From Europe... Not from the USA?

We are so accustomed to financial crises being born in the United States and spreading out to the rest of the world that we can’t envision any other development. But we should get rid of this mental mindset, even if history supports it: from the 1929 Crisis to the 2000 Internet Bubble to the sub-primes episode, the world’s largest economy was responsible for the biggest financial crises on the planet. Being at the vanguard of financial innovation can bring its rewards... and sometimes it can also bring some setbacks. However, what are we seeing today? As we know, central banks are now at the core of the financial system, thanks to their gigantic arsenal and interventionist policies, but we now see a major divergence between the ECB and the Fed – the European Central Bank is still printing money freely, whereas the Fed has stopped doing so and is now trying to reduce its balance sheet. The gap is now enormous, as tweeted by a German journalist from Welt, since the ECB’s b...

from GoldBroker.com https://www.goldbroker.com/news/could-the-next-financial-crisis-arise-from-europe-not-from-the-usa-1257