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If it leads to the default of a large province or local government financing vehicle (LGFV), it will. Monetary authorities on both sides of the Pacific are doi
by thedudeabides5 7y ago
If it leads to the default of a large province or local government financing vehicle (LGFV), it will.
Monetary authorities on both sides of the Pacific are doing their damnedest to make sure that doesn't happen though, lowering rates and printing money, so we are probably safe for a while.
Watch out if the US has to go to ZIRP (0% interest) or the day we get enough inflation that the Fed has to shift tack and start talking about tightening...
- raducu 7y ago> or the day we get enough inflation that the Fed has to shift tack and start talking about tightening I think there's a typo there, and it should have read "the FED has to shift the definition of inflation once again"