If you enjoyed the last financial crisis, you'll just LOVE "round two"....
The financial system is on the ropes, forget all the happy talk and jawboning.
Sovereign debt (the global bond bubble ...US Treasuries, German Bunds, GOJ bonds, etc) is now over $100 trillion, and it has been used as THE collateral for a derivative market (inter-bank loans and other derivative trades) in excess of $555 trillion.
In short, the problem has hardly been 'fixed'...in fact, far from it, it has been made worse today. 10x worse today.
With the US, and others, sporting debt-to-GDP ratios of over 100%, this is WHY they have to issue NEW debt to pay back their OLD debt.
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