The mental game may be more important in poker than in any other form of competition. It’s one of the only games in the world where you can play perfectly and lose-again and again. Hundreds of poker players have turned to mental game coach Jared Tend
Such financial crises tend to occur every two to three years on average, according to Danske Bank, which helpfully points out that the last one, the European sovereign debt crisis, ended more than three years ago.
Meiji Revolution. Since 2008 it has the been the 637 individual interest rate cuts perpetrated by global central banks and their combined purchase of more than $12 trillion in assets, according to Bank of America Merrill Lynch.
That money flows into the less risky assets and pushes their yield (which moves inversely to price) down. Investors get greedy and start searching for higher yields among riskier assets. They
also start borrowing money at low rates of interest to make these investments. This drags in the banks. Leverage builds up. Bubbles start to inflate.
So where might this currently be happening? Where to begin? Emerging market debt is a good candidate, as are US high-yield bonds. The Chinese construction bubble has arguably already
burst and dragged global commodity prices down. But we have still got London house prices, government bonds, and energy companies (especially US shale producers), to name but a few frothy assets.