TLDR
A global recession is now the best case outcome for JP Morgan and Goldman Sachs. Goldman Sachs foresees the possibility of a second great depression. The cure is the only one that central banks and governments worldwide can administer to the terminally ill patient: a mix of massive fiscal and monetary stimulus. The digital presses are already turning wildly at the tune of more than US$ 1 trillion — and this is just the beginning. The world sits on a huge pile of debt, and today's global liabilities dwarf the world GDP by orders of magnitude.via the TL;DR App
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