Global Bubble Mentality

– Interest Rates Cannot Rise Because It Will Cause A Recession

Sorry, rates are unsustainably low and bond yields as well.

Rate hikes are urgent and healthy.

If “growth needs zero interest rates” and massive debt, why is growth so poor???

Global Bubble Mentality:

– Interest Rates Cannot Rise Because It Will Cause A Recession

Sorry, rates are unsustainably low and bond yields as well.

Rate hikes are urgent and healthy.

If "growth needs zero interest rates" and massive debt, why is growth so poor??? pic.twitter.com/F7AG08xyqX

— Daniel Lacalle Official Account (@dlacalle_IA) July 4, 2018

The Next Crisis?

Governments are increasing debt irresponsibly, using low rates to add risk while avoiding structural reforms.

Why? Because taxpayers will cover the bill.

The Next Crisis?

Governments are increasing debt irresponsibly, using low rates to add risk while avoiding structural reforms.

Why? Because taxpayers will cover the bill. pic.twitter.com/jePnOHHwer

— Daniel Lacalle Official Account (@dlacalle_IA) July 3, 2018

h/t @dlacalle_IA