Friday, October 21, 2016

"The core population among the globes primary importers is set to peak"

"...when the pool of potential importers with means (core population of OECD, China, Russia, Brazil) is itself no longer growing...well, growth is no longer achieved via greater consumption.  Instead, "growth" becomes a game of ever greater debt loads (via ZIRP and NIRP), monetization, QE, and a hundred other means to inflate the numbers absent actual economic activity following through..."