Global debt is a 277 trillion. Global GDP is an 88 trillion. We have a three-to-one global debt-to-income ratio. The value of the global equity markets are higher than global GDP. Those are dangerous, dangerous macro indicators. And yet, markets can continue to go up. It's easy to ignore those boring macros. But when you have 277 trillion in global debt or 80 trillion in the US corporate household in government debt, that is a ticking time bomb. Only thing keeping that time bomb from exploding is the central bank keeping the cost of that debt artificially low. That game of just low debt seems to add actually work at infinite and for infinity. When it ends
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