Loading ...After a while that may be true. Lower rates might be able to breath life back into the debt monster once again.
But first they/we must pay the price for the hollowing out of the economy (by exporting manufacturing to China replaced by financialization). Then throw in ‘diminishing returns on debt’ and all that and like Sinclair and his ilk postulate, a reset will be in order, or increasing chaos will rule.
Of course for most, a reset will be chaos, given it would be over quick.
Anywho — it’s all good for PM’s at this point — with the only question being candor.
And apparently that will be controlled by how fast the trapped powers that be continue to take rates negative.
Again, nice to see the shoe on the other foot for a change.
The Keynesian control freaks are caught in an embroil of their own devise.
Cheers