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The Debt Constructor Has Blown Up Everyone's Face
When you build an empire of debts totally financed by cheap money, you cannot raise rates to certain levels without without you facing a major, major bearmarket depression. To me, this is just another fed put that's being placed in market. They can't raise rates into a major recession. Ta kin tighten policy less and less and less. Why? Because the debt constructr has completely blown up everybody's face. Back in just 20 years ago, thet was five and a half trillion. Now it's over 30 trillion. We just added nine trillion in debt in four years. And as you see, consumer confidence, the lowest. Consumer sentiment, ral i's the lowest