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by theironhammer
935 days ago
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I'll assume you mean govt (public) debt to GDP ratio not private debt to GDP. I'm not sure if private debt to GDP has increased or not since 2008. I would guess it has if mortgages are counted. The problem with QE is it drove up the price of land/housing as I think a lot of it ended up as mortgage loans. Rents rise with land price increases which affects businesses. It would've been better if the QE had gone to business loans not mortgages. But home ownership trumps more businesses when it comes to getting votes so no govt official is going to make a stink if too many loans go out to land asset acquisition vs creating small businesses. |
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