It’s The Debt, Stupid – Massive Borrowing Binge Producing Fake Recovery | Zero Hedge

Taken together recent economic data paint a picture of a global economy that’s finally returning to the kind of solid growth and steady, positive inflation that most people consider both normal and good. Unfortunately, the reason for the improvement is emphatically not good: In 2016 the world borrowed a huge amount of money and spent the proceeds. The result is “growth,” but not sustainable growth.

Source: It’s The Debt, Stupid – Massive Borrowing Binge Producing Fake Recovery | Zero Hedge

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