Financial Times/Chris Giles and Robin Harding/5-24-2020
“Rich countries are set to take on at least $17tn of extra public debt as they battle the economic consequences of the pandemic, according to the OECD, as sharp drops in tax revenues are expected to dwarf the stimulus measures put in place to battle the disease.”
USAGOLD note: No problem. If push comes to shove, there’s always the printing press. As we have pointed out often here, though few on Wall Street (or Main Street for that matter) would quarrel with the decisions the central banks have made in recent months, a good many are preparing for the potential consequences – whether those policies succeed or fail. That is where gold might come in handy.
