The point about the 1991 comment is that this looks like it was a dress rehearsal for today. And that money will not have acceleration if debt is not taken up. The car comes to a halt.
If the Fed takes interest rates to zero, there is no guarantee that people/companies will continue their debt habits. Maybe a carry trade?
Max
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- ... the great consumer crash of 2009 ...
The point about the 1991 comment is that this looks like it was...
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