Stimulus stole prosperity from the future - hard bump predicted.

"The world has used up the three years' grace gained by extreme stimulus after the debt bubble burst in 2008.    ...     This time we face the risk of double-dip recession without shock absorbers. Interest rates are already at or near zero in much of the OECD club.  ...      Fiscal deficits are stretched to the limits of safety. ... S&P should have acted six years ago.   ...      The Bank for International Settlements is surely right that we are pushing ever closer to the limits of a model that relies on artificial stimulus to keep stealing extra prosperity from the future. There is ever less to steal." Ambrose Evans-Pritchard at The Telegraph.

Evans-Pritchard

h/t Ian Nunn