What’s the government’s solution to an economy drowning in too much debt?
More debt, of course!
Well, they say there's no bad situation that the government can't make even worse.That seems to be the case right now.
The government's extreme intervention has resulted in an economic and financial system now dependent upon ever more stimulus.
But suddenly, there are a number of government initiatives -- the Federal Reserve taper, the fiscal stimulus package, a new tax bill, the debt ceiling showdown, and China's economic and regulatory tightening that's leading to crises like Evergrande -- that look like they will reduce the flow of stimulus going forward and create a drag on global growth.
To predict what the impact will be on both the economy at large as well as the financial markets, we turn to Ted Oakley, founder and Managing Partner of investment advisory firm Oxbow Advisors. See the YouTube Video for the charts and graphics: https://youtu.be/UJEpp7-2mO4
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