Top Tweets for #DebtDoomLoop

12 months ago

For the average 🇬🇧 family, the failure to act could mean up to £2,000 less annually in real terms & a higher risk of job losses. The severity depends on how long the government delays, the trajectory suggests a painful adjustment unless reforms are implemented soon. #DebtDoomLoop

Daniel Priestley

@DanielPriestley

about 1 year ago

Billionaire hedge fund manager @RayDalio has said the UK is in a debt doom loop. The government has 101% of debt to GDP ratio. It spends 45% of GDP. It borrows to pay interest payments. This is wildly unsustainable and irresponsible. The doom loop bit happens when the government raises taxes to fund debt, higher taxes reduce growth, reduced growth reduces investment, reduced investment causes wealth creators to leave and the 1% who pay 30% of the taxes pull away from the system. When they leave, the government needs to raise even more taxes. This dangerous scenario is what I warned about when debating @garyseconomics earlier this year. The doom loop could end but the government would have to cap spending at 35% of GDP. Then create special economic zones or tax breaks for wealth creators to come in and invest and grow new companies. It would have to take the medicine of fiscal responsibility- no more printing money or borrowing more in debt. It would be painful short term but would set things right. Will they do it though?

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Joshua Graham

@Real_Grahambo

almost 3 years ago

@TheBTCTherapist If it wasn’t for #BTC, I wouldn’t know anything about #Blackrock, #bondmarkets, #debtdoomloop, #creditdefaultswaps, #creditspreads, the #Eurodollarsystem, #carrytrade with the #JPY….

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Marc van Versendaal

@mvanversendaal

about 3 years ago

So the USA can spend more than it makes, forever? - Well yeah..because of global demand for the dollar & highly liquid US treasury market Ok! That makes sense. Basic math, economics & psychology does not apply to them then. Got it. #debtdoomloop #bitcoin

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Lawrence Lepard, "fix the money, fix the world"

@LawrenceLepard

almost 4 years ago

@richard_casey @LynAldenContact look at the slope. 4% probably doesn't do it, but 5,6,7 or more will. $31T times any one of those numbers destroys the US Federal Budget. #debtdoomloop

Makerios7

@makerios7

almost 4 years ago

@jontheholder @donnelly_brent This means ⬆️ rates to attract capital flows converted into EUROS. This goes to the heart of all debt riddled countries. Higher rates = higher slowdown and larger interest payments. EU can afford neither. Their energy policy tipped them over the edge. #DebtDoomLoop.

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