Debt Outstanding, GDP and Income: Who Are They Fooling?
Credit is the lifeblood of all modern monetary systems. But debt, when it becomes excessive, chokes off growth and ultimately, if pressed too far, caused a deflationary collapse. Tickerguy goes into the debt and its composition, along with debt-to-GDP ratios, and asks: How can we avoid what appears to be a certain "second leg" downward - way downward?
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The two Tickers referencing Bove are here and here.
And finally, the Bloomberg link is here.
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