, 4 tweets, 3 min read Read on Twitter
I do constantly wonder about two things.

First, how is it that the massive debt driven bubble in #China is so elusive to many? If look at any, any, standard measure of credit excess, it's in the red. 1/
This extremely important for the global #economy as China has been driven it for the past 10 years.

China has accounted for at least 30% of global growth and some 55% of global money (credit) creation since 2009. 2/
Secondly, why so few seem to worry about zero interest rates and swollen balance sheet of central banks?

There's absolutely no way that 10 years of these has not created the biggest and most dangerous asset bubble in history. 3/
Now, for the first time in modern history, central banks have no (reasonable) means to resuscitate when #recession arrives.

How come these things are not discussed more?

They should be, because they entail that something epic is approaching. 4/4
gnseconomics.com/en_US/2018/12/…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Tuomas Malinen
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!