Thursday, September 15, 2016

Central Banks & Governments Have Been
Flooding Good Money After Bad Initiatives
"Since the financial crisis, central banks and governments have been like reckless dam operators indiscriminately flooding good money after bad through global asset markets. All of this has been added to the debt tab and diverted capital from substantive investment in things needed to support productivity and efficiency in human life. The U.S. national debt has nearly doubled in the past few years, along with staggering leaps in corporate, auto, student and all other types of debt, in pretty much every country in the world. While trillions are wasted on gimmicks, the real world weakens through an ongoing investment drought. This is bringing an abrupt end to the most recent era of globalization."
- Danielle Park
link here to the reference

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