This global flood of freshly-printed 'thin air' money has no parallel in the historical records. All around the world, each of us is part of a grand experiment being conducted without the benefits of either prior experience or controls. Its outcome will be binary: either super-great or spectacularly awful.
If the former, then no worries. We'll just continue to borrow and spend in ever-greater amounts -- forever. Perpetual prosperity for everyone!
But if things hit a breaking point, then you had better be prepared for some truly bad times.
from Peak Prosperity https://ift.tt/2MWPib1
