“The World’s Central Banks Are Making A Big Mistake”
by John Mauldin via MauldinEconomics.com,
ZeroHedge.com
Jul 20, 2016
Debt is future consumption brought forward. Once debt is incurred, consumption that might have happened in the future won’t happen. And it should come as no surprise that at a certain debt level, growth and income begin to diminish. That is exactly what we are seeing in the real world.
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