The Commercial Real Estate Crisis Is Far From Over

Central Banks Cannot Fix The Sovereign Debt Bubble Authored by Daniel Lacalle via dlacalle.com, Global investors spend a great deal of time worrying about an alleged artificial intelligence bubble. However, they should pay more attention to the government debt bubble. The most dangerous assumption is that governments can keep borrowing and making promises because central banks will always step in, disguising fiscal irresponsibility with quantitative easing programs. Many market participants hail debt accumulation and expanding government size in the economy because they believe it will create asset inflation forever. However, encouraging...