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Tag Archives: Paul Brodsky

  • Podcast

    Paul Brodsky: Central Banks are Nearing the ‘Inflate or Die’ Stage

    So hold tightly to your gold
    by Adam Taggart

    Friday, July 6, 2012, 10:46 PM

    26

    "It's impossible to have a political solution to a balance sheet problem" says Paul Brodsky, bond market expert and co-founder of QB Asset Management.

    The world has simply gotten itself into too much debt. There are creditors that expect to be paid, and debtors that are having an increasingly difficult time making their coupon payments. No amount of political or policy intervention is going to change that reality. (Unless a global "debt jubilee" transpires, which Paul thinks is unlikely).

    Looking at the global monetary base, Paul sees it dwarfed by the staggering amount of debts that need to be repaid or serviced. The reckless use of leverage has resulted in a chasm between total credit and the money that can service it.

    So how will this debt overhang be resolved?

    Central bank money printing — and lots of it — thinks Paul.

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