“We’re All Frogs In Boiling Water” Santelli Says After Lacy Hunt Warns “This Is Far From Over”
April 19, 2015 in News by RBN Staff
Source: Zero Hedge
Tyler Durden 04/17/2015 16:35 -0400
Global debt has expanded by $35 trillion since the credit crisis and as Lacy Hunt exclaims, “that’s a net negative, debt is an increase in current consumption in exchange for a decline in future spending and we are not going to solve this problem by taking on more and more debt.”Santelli notes that debt will actually keep growth “squashed down” and points out the low rates in Europe questioning the ability of The ECB’s actions to save the economy which Hunt confirms as “longer-term rates are excellent economic indicators” and that is not a good sign for Europe.
“This process is far from over,” Hunt concludes, “rates will move irregularly lower and will remain depressed for several years.”
Santelli sums up perfectly, “we’re all frogs in boiling water,” as we await the consequences of central planning.
Full Hoisington note below:
