www.zerohedge.com
If anyone has stopped to ask just why global central banks are in such a
rush to create inflation (but only controlled inflation, not runaway
hyperinflation... of course when they fail with the "controlled" part
the money paradrop is only a matter of time) over the past 5 years, and
have printed over $12 trillion in credit-money since Lehman, the bulk of
which has ended up in the stock market, and which for the first time
ever are about to monetize all global sovereign debt issuance in 2015,
the answer is simple, and can be seen on the chart below.
It also shows the biggest problem facing the world today, namely that at least 9 countries have debt/GDP above 300%, and that a whopping 39% countries have debt-to-GDP of over 100%!
We have written on this topic on countless occasions in the past, so
we will be brief: either the Fed inflates this debt away, or one can
kiss any hope of economic growth goodbye, even if that means even more
central bank rate cuts, more QEs everywhere, and stock markets trading
at +? while the middle class around the globe disappears and only the
0.001% is left standing.
Finally, those curious just how the world got to this unprecedented
and sorry state, this full breakdown courtesy of McKinsey should answer
all questions.
沒有留言:
張貼留言