Karl Denninger, of The Market Ticker, asks Ok, What Aren’t We Being Told?
Let’s see, $150 billion in “private” capital down the hole, another $85 billion out of the $400 billion consumed, there is no expectation that the $85 will be repaid in full and the default rate is continuing to ramp on a parabolic basis…..
I have to wonder – is this about to happen?
It Took 22 Years to Get to This Point
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