Financial markets across the developed world are breaking. The 2020s are going to be very, very hard

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I have copied an entire Twitter thread for you. Partly because he explains it so well and partly because these embedded stories don’t trigger the email throttling that occurs when I email these links to my regular readers. (Don’t get an email? Sign up in the top right hand corner.) Times are hard and going to get much much harder. Currently every single taxpayer in the US is liable for $245,191 debt. There is no way we’re getting out of this unscathed.