(From the article above) —— “We’re not sure of the economic and political consequences of the monetization of Italy’s debt, but unlike many, we are sure there will be unintended consequences, both economic and political.
We just may be in the midst of the biggest bubble in history. The complacency that the accumulation of all the ills of the many and massive bubbles that have ripped through the global economy in the past twenty years can simply be resolved by quantitative easing, monetization, printing money or whatever you wish to call it is simply stunning to us.” ——
Hmmm…. this sounds close to my concept of a Moral Hazard Bubble, which I’ve written about for about a year now. Others are finally starting to see it in this light as well.