Thanks for the “Inheritance” article from Bloomberg! Sent it to my son. 🙂
They really bury all the interesting stuff on that site. Hate the new format.
Years of reading this type of article, nothing has been done, and the situation is just getting worse and worse. Bigger mounds of debt, governments, individuals, companies, the superlatives are getting stretched now. Even in some news sources I find most comments agreeing, where they used to argue more. The pile is so big most everyone can see it! And it’s SO global! When this massive build-up goes it will feel like “This Is The End” with Seth Rogen. Big holes will open up and swallow whole banks and companies. Maybe countries. Should be interesting.
If you read some of what the insiders write it’s like they are pleading with people to “Someone innovate something!” They want US to turn it around. Fat chance. It can’t just go up forever. The higher they push it up, the farther it will have to fall.
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