The banks have been our enablers, the below-inflation interest rates have made a joke out of saving and the day of reckoning is fast approaching.
Another View of American Exceptionalism
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Last week, I outlined the case for fiscal dominance (see Will the Next Fed
Chair Matter Much to Policy?). U.S. debt to GDP is rising and not
stabilizing. I...
2 hours ago
Carney et Sachs though they could just pass it on to the next and future generations. They should have made a shoulder check instead. The snowball is rolling down the hill, and it is getting bigger and bigger. Banker et Sachs are losing control.
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