Bernanke saw no risk to the economy of: $13 trillion deficit, $4.7T Fed QE bubble, $1.5T increase in taxes, Stagnating real wages, Productivity growth and labor participation rate at 1978 levels…But is worried about tax cuts.

Bernanke saw no risk to the economy of:

. $13 trillion deficit
. $4.7T Fed QE bubble
. $1.5T increase in taxes
. Stagnating real wages
. Productivity growth and labor participation rate at 1978 levels.

…But is worried about tax cuts.

Astonishing.

www.dlacalle.com/en/the-feds-more-than-questionable-legacy/

Washington Post: Beware the ‘mother of all credit bubbles’

Author argues that debt taken on to finance corporate buybacks has reached dangerous levels, and makes other points about current levels of consumer and government debt.

 

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