Via IMF, a chart plotting changes in sovereign debt holdings across Government, International & Central Bank agencies (so-called G-4 Official) and private debt holders:
- These are changes in the stock of debt, not the actual stock of debt;
- These are changes in the stock of debt of only four largest advanced economies;
- These are changes in the stock of only sovereign debt, excluding quasi-sovereign, private and household debts; and
- The years of forward forecast are, allegedly, the years of QE unwinding.
This debt bubble is a money-printing bubble which is a Keynesian Government 'stimulus' bubble. Look at the above. QED.
And, if you have not reaped its upside, you will pay its downside. Now, check your pockets.