Financial Flypaper

By Catherine Austin Fitts

Unbelievable. Low interest rates continue to support MORE growing dependency on debt. Check out some of the latest reports:

Total NYSE margin debt is spiking

Corporate debt (net of those big cash piles) is high and rising – no doubt in part to support stock repurchases

Europe’s sovereign bond yields are reported lowest “since 15th century Genoa

We have a new financial asset class emerging – financial flypaper.

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