Monday, May 09, 2016

It's The Debt, Stupid!
For those still wondering why the global economy is struggling, the simple answer is 'It’s the debt, stupid.' .. The central bankers, the IMF, and economists in general keep overestimating the global recovery .. Why? It’s the debt, stupid! The central banks and the IMF are hell bent on cramming more debt down the throat of a system that is virtually choking on debt. Curiously, and although the IMF announced in April that it was worried about public debt, it’s proposed solution was to spend more."
- Mike “Mish” Shedlock*
LINK HERE to the commentary

1 comment:

Anonymous said...

Actually it is the demographics, more basically. Older people want to reduce debt rather than take on more debt (thereby bringing consumption to the present from the future). Granted piles of debt do not help.