Brad Setser Quotes (2 Quotes)

It has already gone on for an awfully long time. But that doesn't mean that it can't go on some more. You can continue to run up your debt as long as the world is willing to finance your debt.

There is a very flat yield curve globally for different reasons, even in some emerging markets. I really don't see where the easy money is. No matter how sophisticated you are, you can't get away from the basics of banking Borrow short, lend long.