Zero hedge quotes Hendry from the Milken Institute panel.:
We have reached a profound point in economic history where the truth is unpalatable to the political class - and that truth is that the scale and magnitude of the problem is larger than their ability to respond - and it terrifies them.
Concluding at 1:10:10 - "we are single-digit years away from the most profound market clearing moment"
From the Eclectica Letter we get the global monetary cycle currently playing out.