I do constantly wonder about two things.
First, how is it that the massive debt driven bubble in #China is so elusive to many? If look at any, any, standard measure of credit excess, it's in the red. 1/
This extremely important for the global #economy as China has been driven it for the past 10 years.
China has accounted for at least 30% of global growth and some 55% of global money (credit) creation since 2009. 2/
Secondly, why so few seem to worry about zero interest rates and swollen balance sheet of central banks?
There's absolutely no way that 10 years of these has not created the biggest and most dangerous asset bubble in history. 3/
Now, for the first time in modern history, central banks have no (reasonable) means to resuscitate when #recession arrives.
How come these things are not discussed more?
They should be, because they entail that something epic is approaching. 4/4
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