There will be no smooth transition back to sustained economic growth, he warns
Instead, the distortion of today’s excessive asset prices will require a systemic reset to fix. Either by a deflationary event that destroys the malinvestment, or by an inflationary event that destroys the currency. Either way, a shock to the system awaits us:
https://www.peakprosperity.com/grant-williams-a-reset-of-the-system-is-inevitable/
