Tuesday, October 11, 2016

Increasing Debt Levels 
Are Slowing Economic Growth
"The debt issue will not recede as it keeps growth stagnant and more importantly if debt servicing costs increase the impact on growth will be powerful. The FED has sustained the asset bubbles as the ECB and BOJ have joined the enablers club. They have stoked the habit of low interest rates funding increased borrowing, corporate financial engineering and ever rising equity prices. Will an ECB taper, a BOJ steepening its yield curve and a FED jawboning for higher rates break the habit of ever-increasing debt?"
- Yra Harris
LINK HERE to the commentary

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