Recuar à nossa primeira década do Século XXI

Ler:

"A plausible hypothesis is that the big, steeply-hierarchical bureaucracies that we have inherited from the 20th Century are faced with a fundamental shift in power in the marketplace from seller to buyer, and are unable to cope the continuous innovation needed to prosper in this new context. [Moi ici: No nosso caso foi o efeito do choque chinês que arrasou o nosso sector transaccionável] As a result, they resort to the artificial means of financial engineering and share buybacks, aided by the “government cocaine” of seemingly endless supplies of cheap money.
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The result is a House of Cards economy in which apparent prosperity masks hidden risks. Ultra-low global interest rates drive market participants into riskier assets, while low interest rates encourage using greater leverage. The underlying problem? We don’t know where all the leverage is buried and will only find out after the fact, as we should have learned from the increasingly severe financial crashes over the last few decades.
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The current low level of corporate defaults, supported by free government money and financial engineering, can’t last forever."

É, de certa forma, recuar à primeira década da economia portuguesa do século XXI e rever a orgia despesista na economia não-transaccionável.
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Trechos retirados de "Our House Of Cards Economy"