Tail End: The Long-Term Debt Cycle
Debt… Debt… Debt… Debt… Debt… Debt.
It’s been discussed so much over the years that it feels like kicking a debt horse at this point (ahem, sorry).
Here’s the thing though… we have to talk about it.
Debt is the most important (and misunderstood) dynamic of the economic machine. Debt is the cause of all our current economic ills. Do you want to understand why there’s slow growth in the developed world?
Well, it’s because of debt. Want to know why inflation has been so elusive? I can tell you… debt.
Are you curious as to why commodities are crashing and emerging markets are grinding to a halt?
You guessed it… DEBT! What about growing income inequality? Is it Piketty’s return on capital versus growth (r > g) B.S.? Noooo! It’s just debt. And it goes on and on...
Read the rest of our report in this link: Link to PDF