Thursday, January 25, 2018

'Perfect storm': Global financial system showing danger signs, says senior OECD economist

I've been ringing the alarm bells for years about the compounding debt trap that central banks have boxed themselves into.  Now a central banker is echoing those same concerns.
Central banks are now caught in a "debt trap". They cannot hold rates near zero as inflation pressures build, but they cannot easily raise rates either because it risks blowing up the system. "It is frankly scary," said Prof White.

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