Unsustainable Deficits and Stimulus Risk Sparking New US Economic Crisis
-
US economic expansion being propped up by extreme fiscal stimulus and deficits, not sustainable long-term
-
Global investors losing appetite for funding US debt at current levels
-
Fed will likely have to slash rates to zero and relaunch QE to prevent economic depression as markets revolt
-
Trend towards ever-lower real rates and endless bubbles is incompatible with democracy and prosperity
-
Buy long bonds, gold as US heads towards another crisis and central banks reverse tightening too late