Government’s cure for the coronavirus recession is worse for the global economy than the disease

MarketWatch/Satjayit Das/6-12-2020

“Debt is analogous to the effect that ice has on an aircraft. Planes are designed to cope with modest icing on the wings. But large build-ups cause a loss of lift, resulting in erratic flight, loss of altitude — and ultimately a crash. Global debt levels resemble a large buildup of ice on the wings of the global economy and threaten a catastrophic final chapter.”

USAGOLD note:  Das offers five ways to reduce debt, quickly debunks each and concludes with the warning posted above.