How Will Today’s Crony Debt Bubble End Up?

People’s QE? We doubt it, unless the cronies figure out how to profit hugely from it. Printing new money to bail out state pension funds and other government debts is more likely.

(From Global Macro Monitor)

Conservative savers who have kept their money in bank CDs, witnessed their interest income go to zero, while the highly levered and risk takers were bailed out.   Many, who have done all the right things —  worked hard, saved, paid their bills on time — feel they have been screwed in a big way

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