Why Are Stocks Roaring Higher? Central Banks Just Printed the GDP of Japan in Two Months
"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
"Confidence in the dollar will decline, as more and more dollar helicopter ‘drops’ are made. Interest rates will rise, and western junk debt will become toxic, and untenable at higher rates."
"So what to do?"
"If lawmakers changed current laws to maintain certain major policies now in place [...] then debt held by the public would increase even more, reaching 219 percent of GDP by 2049."
Carney was joined by former Bank of England Governor Mervyn King who recently warned that a “financial Armageddon” is looming unless central banks are permitted to unleash unbounded quantitative easing once more.