@JWMason1 @DanielaGabor @DavidBeckworth All I claim is that the size of the swing in the debt/gdp is remarkable and this creates fiscal space we werent

@JWMason1 @tomashirstecon @M_C_Klein @DanielaGabor @DavidBeckworth It is my view that when a sovereign's debt to gdp ratio goes down, for whatever reason, it will have

@tomashirstecon @M_C_Klein @JWMason1 @DanielaGabor @DavidBeckworth so … the current situation has shifted balance through (1) devaluation due to inflation, (2) more less unrealized balance sheet