/10 yrs of Bad news is good news via papering over of structural problems RESULTS US debt 10T–gt23T China 7T–gt40T, total global debt 75T 15T global QE, 0neg rates, 13T neg yielding debt. Asset bubbles inflated w all that debt.

10 yrs of Bad news is good news via papering over of structural problems RESULTS US debt 10T–gt23T China 7T–gt40T, total global debt 75T 15T global QE, 0neg rates, 13T neg yielding debt. Asset bubbles inflated w all that debt.

10 yrs of ‘Bad news is good news’ via papering over of structural problems
((RESULTS))= US debt $10T–>$23T; China $7T–>$40T, total global debt +$75T; $15T global QE, 0%/neg rates, $13T neg yielding debt. Asset bubbles inflated w/ all that debt. @RobSKaplan @EricRosengren https://t.co/b8DluDPDU4