Or has it overreached and entered a dead-end road where it will eventually get stuck? This is a tricky question because, while it seems to focus on the past, it’s the future which holds the answer. So let us do three things. First, let’s look back and ask what has happened so far.
Second, let’s take a look at the present and ask where we are right now. And third, let’s look ahead and ask 1/6  BIS central bankers' speeches  where we go from here. The past – thinking outside the (tool)box So the past is where we begin. In this case, 15 September 2008 – the day Lehman Brothers failed.