Quote (Djunior @ Mar 12 2020 03:24pm)
We're on the biggest bubble ever seen, debt is way worse then back in 2008 fuelled by low interest rates and interventions by central banks all over the world. What's going to happen now that we have this corona crisis on top of that if in responds to that the central banks crank up the money presses till their hands bleed. Fair question
Debt is way worse for whom?
Companies have far more cash reserves than they did in 2008, that's why there are so many metrics showing we're not at 2008 levels in real terms for productivity. Banks are in good shape.
For the government it's a different story, but as long as inflation is around 2% small - moderate deficits won't cripple a major economy. Libertarians have been preaching doomsday for decades.