Leaders around the world have compared their efforts to bring the novel coronavirus under control to fighting a war. The similarities may not end when the battle to tame the virus has been won, and the debts accumulated by governments have to be repaid.
In the U.S. and elsewhere, government debt is set to soar this year, reflecting lower tax revenue and the cost of financial aid to businesses and households during lockdowns. The International Monetary Fund forecasts that U.S. government debt will reach 131% of annual economic...
Source: Loan Digest (loandigest.net)
gladstein This their nice way of saying the wealth gap is going to get even larger.
Это важный для меня пост
While financial repression is a good option for countries that borrow largely in their own currencies,for countries like Nigeria,artificially low interest rates will lead to massive runs on their currencies,fueling inflation and a return to higher rates.Dead end!
Explain this like I'm not living in a banana republic. Fuck the inflation rate on toilet paper & hand sanitizer, how's it gonna affect weed prices?
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