“There is something vaguely troubling when the unthinkable becomes routine”
This is what Claudio Borio of the BIS (Bank for International Settlement) commented on the $17 trillion of debt with negative interest. He went on to say: “Even at the height of the Great Financial Crisis this would have been unthinkable.”
But this is where the world is today, unthinkable debt, unthinkable markets, unthinkable risk and unthinkable leaders who have totally lost control and by their actions are increasing risk exponentially. Read more…