Jim Cramer is just the man for Deutsche Bank job! Hold that though and hear me out.
With USA debts getting well and truly out of hand I think it’s going to take some kind of drastic Paul Volker style solution.
If Janet and the FED wish to break their current extremely low (Read Shot Too Pieces) credibility they need to bite the bullet.
If they can get interest rates to around Negative 17% and compel traders and big banks to buy their bonds they should have their debts down to a manageable level inside a couple of decades.
Of course this will decimate the middle class, savers and those living on fixed incomes and they probably won’t like any more than I enjoyed mortgage rates of 21% in 1980 and 19% in 1990 or there about!
If Australia also moves to negative 17% they should be able to really boost the housing bubble for a couple of more years. This may sound ridicules; however, I also though negative rates would never fly in the first place!
