The timing of the next global depression is getting closer than you think

Global strategy and communications

We will be in for a world of hurt as soon as government deleveraging begins

There’s a real conundrum shaping up for central bankers around the world and the politicians they report to. Damned if they do; damned if they don’t. Raise rates, that is.

I suspect the real reason politicians purport to not think about monetary policy is that the subject is altogether too painful and the choices on offer are simply competing variations of how one might commit political suicide. Raise rates to stave off inflation? Die by drowning. Keep rates at generational lows for the foreseeable future? Die by fire.

John DeGoey

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