We are continually told that Globalization is NOT the problem, it's just insolvent. That's all. Fortunately, insolvency can be fixed with some more borrowing...
The 0% Faustian Bargain. I mean "free money"
The IMF warned that the dynamics of the current situation resembled a negative feedback loop, in which debt deflation is causing the real burden of debt to increase, leading to poorer economic growth and yet further deflation.
At this week's meeting with the World Bank in Washington,the IMF is expected to repeat its call for states to step up and play a more supportive role as global consensus continues to grow that monetary policy is reaching its limits of effectiveness.
July, 2016
IMF Calls For Global Fiscal Stimulus
Debt is the new "GDP"
Obama's liecovery was an 8 year recession papered over with debt...
U.S. GDP growth less deficit:
