Central banks are the enablers of the largest debt expansion in human history and insist on perpetuating in what Jay Powell has called an unsustainable path.

https://twitter.com/NorthmanTrader/status/1197503255376302081

Central banks policies enabled dual global Debt+Asset Bubbles. (330% global debt-to-GDP – IIF). B/C of it, the world can't grow w/o fake ultra-low rates, which destroy every citizens calculus to retire (live on savings income). The world grew at much higher rates historically👇🤔 pic.twitter.com/fhk8AyFN4J
— M/1_LP (@MI_Investments) November 21, 2019

From our latest Global Debt Monitor: Ireland, Netherlands and Japan lead mature markets in total Debt to GDP. pic.twitter.com/UKL5C09DYF
— IIF (@IIF) November 19, 2019

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