Commentary 
How do you know something just isn’t so? It usually requires an understanding that there’s a misconnection or gap between two things. It may be something in your personal life or in the economy.
As I explained in my previous column, we found this “gap” in the world economy in March 2017 (pdf). In the opening lines of the forecasting report, we summarized our findings: “The crisis of 2007–2008 reversed the trend of financial globalization, which has undermined global growth. The pull-back in financial globalization has been masked by central bank-induced liquidity and continuous stimulus from governments which have created an artificial recovery and pushed different asset valuations to unsustainable levels. This implies that we live in a ‘central bankers’ bubble.’”…