Europe Facing Massive Power Deficit
The really big hammer will be hitting us in the future when all this QE that went into RE development will turn sour. Central banks have printed boatloads of money that they have funneled into all kinds of projects designed to shore up the economy when it is supposed to correct by shrinking. Much of this money went to those RE projects. But the day of reckoning must necessarily come. And when it does – and the bubble collapses – the abys we will be looking into will have biblical proportions.