Did The Debt Bomb Suddenly Stop Ticking?

Did The Debt Bomb Suddenly Stop Ticking? by Evergreen Gavekal “Low interest rates cause secular stagnation: they do not cure it.”  – CHARLES GAVE   “Negative interest rates are the dumbest idea ever.” – JEFF GUNDLACH, the new “King of Bonds”   “Laugh but listen.” – WINSTON CHURCHILL, addressing the British House of Commons, warning it once again of the rising threat posed by Nazi Germany, to derisive laughter. Summary Overwhelming amounts of government debt are among the “rich” world’s biggest threats. Unfortunately, the political will to cope with this—and the related problem of runaway entitlement spending—is nil. Radical monetary…