Take flight from Europe\u2019s policy food fight – FT.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"What has become obvious in the last few years is that debt-driven growth is a flawed business model when financial markets no longer have an appetite for it. via Take flight from Europe\u2019s policy food fight – FT.com.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,34],"tags":[438,962,1295,2670],"class_list":["post-1978","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-bill-gross","tag-debt-crisis","tag-euro-zone","tag-pimco"],"yoast_head":"\n
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In the April outlook, called \u201cA Man in the Mirror,\u201d he suggested that\u2026","rel":"","context":"In "Debt Levels"","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26114,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/03\/bill-gross-on-fed-and-reverse-repos\/","url_meta":{"origin":1978,"position":1},"title":"Bill Gross on Fed and reverse repos","author":"Colin Twiggs","date":"June 3, 2021","format":false,"excerpt":"From Wolf Richter at Wolfstreet.com: The Fed\u2019s asset purchases have already created so much liquidity, causing bank reserves to more than double in a year to $3.8 trillion, that liquidity is now going haywire, and the Fed is feverishly engaged trying to control it by selling Treasury securities and for\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19948,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/11\/coronavirus-market-selloff-a-gross-overreaction\/","url_meta":{"origin":1978,"position":2},"title":"Coronavirus market selloff ‘a gross overreaction’","author":"Colin Twiggs","date":"March 11, 2020","format":false,"excerpt":"I don't agree with this conclusion from Karen Andersen at Morningstar on the impact that COVID-19 will have on the global economy: \"Although we project a grim set of scenarios in terms of fatalities in our analysis, our view on the economic impact is much more sanguine.... To be sure,\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22042,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/10\/17\/defying-gravity\/","url_meta":{"origin":1978,"position":3},"title":"Defying gravity","author":"Colin Twiggs","date":"October 17, 2020","format":false,"excerpt":"Retail sales growth (excluding food) jumped to 8.2% for the 12 months ended September, completing a perfect V-shaped recovery. Hard to believe, when we consider that GDP growth was a dismal -9.0% in Q2 (Y\/Y) and Jim Stock's Weekly Economic Index is still at -3.91% for the week ending October\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6633,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/05\/chinese-firms-shrug-at-rising-debt-wsj-com\/","url_meta":{"origin":1978,"position":4},"title":"Chinese Firms Shrug at Rising Debt | WSJ.com","author":"Colin Twiggs","date":"February 5, 2013","format":false,"excerpt":"DINNY MCMAHON And COLUM MURPHY at WSJ write: Analysts at Standard Chartered PLC estimate that Chinese corporate debt was equivalent to 128% of gross domestic product by the end of 2012, up from 101% at the end of 2009. In a 2011 research paper, economists at the Bank for International\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12074,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/16\/chinas-debt-to-gdp-ratio-just-climbed-to-a-record-high-bloomberg-business\/","url_meta":{"origin":1978,"position":5},"title":"China’s\u00a0Debt-to-GDP Ratio Just Climbed to a Record High – Bloomberg Business","author":"ColinTwiggs","date":"July 16, 2015","format":false,"excerpt":"From Ye Xie and Belinda Cao at Bloomberg: While China's economic expansion beat analysts' forecasts in the second quarter, the country's debt levels increased at an even faster pace. Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June,\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1978"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1978\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}