Blackstone's Byron Wien is up with a new blog post, wherein he relays a conversation he had with someone he only refers to as The Smartest Man In Europe. Business Insider Say's what he has to say is Terrifying.
Wien doesn't say who The Smartest Man In Europe is, but describes him as basically an incredibly brilliant, wordly, rich businessman.
So what does TSMIE see now?
Basically that massive amounts of debt will bring the decline of Western Civilization, but that in the meantime, before that happens, policy makers would pull every trick they could in order to stave off a catastrophic event.
After getting to the point where fiscal stimulus no long works, the world's central banks will go into overdrive (as is already happening)
Be sure to read "“So what am I doing with my money?", his conclusion in the second last paragraph HERE