Ponzi schemes require relentless growth and liquidity, both of which are now reversing. Central planning for billunaires is ending. Badly.
Global growth is at a decade low 2.8% (ex. 2009) and global short-term interest rates are at a 500 year low. So the accelerator is on the floor, but the car is stalling.
Meanwhile, globally, long-term borrowing costs are rising across the board - U.S., Europe, China, Japan, Emerging Markets.
Meaning that liquidity is now tightening into a slowing economy...
Global Dow with global growth (red):
De Facto tightening
U.S. Treasury 30 year Bond (prices) with Real Estate (REITS):
Reducing liquidity into a weakening economy. End of Ponzi.
The risk isn't that "something" breaks, the risk is that all things break, at the same time.
