Well, I am reading his latest called "Aftermath", which gave a good intro to the state of the economy, etc. We seemed to have moved from QE being inflationary to now the unsustainable US sovereign debt and Treasury confiscation. If for any reason they do decide on this N option of confiscation, it will be the death of the debt market in the US!
If I look back in history but without the experiences of the double-digit IR in the eighties, the global economy did survive and kept on prospering and the control of inflation with this crude tool should have imploded debt-laden private enterprises. So, currently the longer the ZIRP continues, the longer the debt-laden enterprises require it to survive or it adapts as economic conditions improve?
Suspect, there are winners and losers in any crisis, except if you are a dead or captured soldier? LOL
