The Everything Bubble Has Burst; The Fuse Is Now Lit on the $250 Trillion Debt Bomb
"Germany is the ultimate backstop for the EU. ... German sovereign bonds are beginning to break down."
19 March 2020 - 17:14
"Germany is the ultimate backstop for the EU. ... German sovereign bonds are beginning to break down."
"Given the potential harm caused by the divergence between stimulus and economic fundamentals, it would be short-sighted and irresponsibly pragmatic to count out the prospect of inflation."
"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."