That’s right, folks. It’s the Happiness Day: bounded at 0.2% annual rate of growth for the workers, and unbounded at USD11 trillion for the Governments. All good, right?
But of course all is good. We call the former – the ‘great news’ for the families, and the latter, ‘savage austerity’. Which is, apparently, good for the bonds markets… no kidding. At least there isn’t a bubble in wages, even though there is a bubble in bonds.
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