Welcome Guest
Sign In | Register

'Now, the debt is coming due.'

Posted on: December 15, 2023 at 08:13:20 CT
JeffB MU
Posts:
64903
Member For:
20.41 yrs
Level:
User
M.O.B. Votes:
0
https://www.msn.com/en-us/money/markets/the-cassandra-warning-that-central-banks-are-driving-the-world-s-economy-off-a-cliff/ar-AA1jWJ5l

“These guys went nuts over Covid,” Mortimer-Lee says. “Covid was temporary, but they did things with their balance sheets that were permanent. They did much much more for Covid than they did in the much more severe and long-lasting wake of the global financial crisis.

“Rates to zero, buy every bond that the Government issues – that is why the government deficit in the UK and the US is outrageously high, because money was free. It is like giving a kid a credit card and saying ‘spend as much as you want’. And that is what the governments did.”

Now, the debt is coming due.

Edited by JeffB at 08:14:44 on 12/15/23
Report Message

Please explain why this message is being reported.

REPLY

Handle:
Password:
Subject:

MESSAGE THREAD

A Once in a Lifetime Financial Event Is Here - JeffB MU - 12/14 12:23:43
     plausible but there is more to the story(nm) - TigerFan92 STL - 12/16 12:58:44
          Anything you would like to add? (nm) - JeffB MU - 12/16 14:24:39
               Economics have a lot more to them. That is interesting - TigerFan92 STL - 12/16 17:31:45
                    The elephants in the room are the massive spending, deficits - JeffB MU - 12/17 21:05:03
                         Spending money is how government shows it cares nm - pinkman MU - 12/20 23:14:35
                              and can benefit them in other ways as well. (nm) - JeffB MU - 12/21 00:14:19
                         Money supply - TigerJackSwartz MU - 12/18 08:17:26
                              Thanks, but Goldman Sachs does not have our interests at - JeffB MU - 12/18 14:17:19
     'Now, the debt is coming due.' - JeffB MU - 12/15 08:13:20




©2024 Fanboards L.L.C. — Our Privacy Policy   About Tigerboard