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.