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/
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.t.co/yrthOC7ybK pic.twitter.com/sLdYyztKyr
— Daniel Lacalle (@dlacalle_IA) June 9, 2018
WoW –> "Too much debt in the economy leads to slower growth as more production is needed to service debts. Lower rates offset the higher debt loads but rates have essentially bottomed. Savings as a nation has never been lower outside a recession," h/t @GS_CapSF pic.twitter.com/BL0jyNO1gI
— Alastair Williamson (@StockBoardAsset) June 9, 2018
#LiquidityDrivesMarkets t.co/AsriVfWSsg
— Mark W. Yusko (@MarkYusko) June 9, 2018
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.