RE: Light at the end of the tunnel?18 Dec 2024 11:54
The Western world cannot take higher interest rates, because of the enormous debt burden it has. It became addicted to turbo charged money creation when the banks abused their multiplier effect in the mortgage backed securities swindle 20 years ago, and central banks followed up after that imploded. Any reset wouldn't just be a recession, it would be mass loan defats by governments and weimar style inflation.