The ‘Burn the Bonds’ Stage of the Debt Cycle Is Here
High indebtedness has prompted a call for France to cancel part of its public liabilities. Ideas spread, so expect similarly unorthodox demands elsewhere as governments grapple with high debt, while political disruptors air increasingly unconventional policies. All those roads, however, lead to more inflation and the debauchment of financial assets.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
