$250 trillion in debt: The world’s post-Lehman Legacy
“In many ways, all the talk about global central banks beginning a “great unwind” of their extraordinary monetary stimulus is positively quaint. After all, how can officials from the Federal Reserve to the Bank of Japan even pretend to know how to reverse what they’ve done over the past decade? I’m speaking specifically about propping up financial markets with easy money and allowing the world’s debt burden to balloon to almost $250 trillion.”
USAGOLD note: Chappatta outlines the residue from the crisis that never went away. . . Worth a visit to the link above.
Image: Lehman Brothers sign offered in auction at Christies-London, October, 2010 by © Jorge Royan / http://www.royan.com.ar [Edited]