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.

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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’

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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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