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It seems like in this monetary environment solutions are thus: Individuals can get lines of credit issued against their homes or reverse mortgages. Also there'
by cinquemb 9y ago
It seems like in this monetary environment solutions are thus:
Individuals can get lines of credit issued against their homes or reverse mortgages. Also there's a plethora of subprime debt individuals can acquire and default on ranging from autos to ones education.
Companies can keep issuing bonds so that on some end of the food chain, central banks can keep purchasing them.
Governments can keep issuing bonds, even at negative interest rates, central banks can keep purchasing them.
If it isn't clear, this can go on forever and will always end well.