Given the extraordinary failure of both Keynesian stimulus and private-sector credit growth to create a self-sustaining cycle of expansion whose benefits flow to the entire workforce rather than to the top few percent, what can we expect going forward? Can we just keep doubling and tripling the economy’s debt load every few years? What if household incomes continue declining? Are these trends sustainable?
In the near-term, is this Great Reflation running out of steam, or is it poised for yet another leg higher? Which is more likely?
from Peak Prosperity http://ift.tt/2rASkas