"…as of 2019, each dollar of global debt generated only $0.42 of GDP growth in the major economic sectors, which was down (-11.1%) from ten years ago. This deterioration was (even) greater (abroad)." China -38%, EU -13%🤦♂️
$3 in new debt to buy $1 growth (= very unproductive) pic.twitter.com/rEt7XmYtcs
— M/I_Investments (@MI_Investments) October 16, 2020
‘This is the most prosperous economy the world has ever seen’ says Jamie Dimon — and it’s going to continue
Published: Nov. 16, 2019(US debt $5T to $24T in just 20 yrs when he said that, 0% rates for 7 yrs, $20T global QE, $9T in Fed cum'ltve revolving REPO op's that fall) https://t.co/dtanITEnZe
— M/I_Investments (@MI_Investments) October 16, 2020