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JUL 20, 2013 - Zero Hedge

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The Markets' Worst Kept Secret

Here's what your stockbroker and the media aren't telling you: the world is more indebted now than it was at the height of the financial bubble in 2007. That's right. Despite the extraordinary government intervention of the past six years. Despite continuing optimism of a recovery. Despite the reassuring words of central bankers. We're worse off in debt terms. From this, there are several inevitable conclusions that will be discussed in depth in this piece: 1) The policies pursued since the financial crisis haven't worked. Otherwise, debt to GDP ratios would ... Read More

Tags: The Markets' Worst Kept Secret,  Ben Bernanke Latest News