We're All Greece - And On Fire
When debt grows faster than output on a compound basis the two curves inevitably run away from one another and must always result in a collapse.
This is not a political issue, it is not a left or right issue, it is a function of simple mathematics. Those who were IPOing these businesses in the 1990s and who were building and selling houses into the ramp in the 2000s were simply believing that they would unload the bag on you before the leverage pyramid in that particular part of the economy fell over.
That's all the last thirty years was folks, and now we're desperately scrambling on a global basis to find just one more sucker. To obtain just one more hit off the crack pipe. To stave off death just one more day and draw one more breath.
Want to know more? Click here.
P.S. If you have money in a bank or the stock market in any capacity, What the H-E-Double hockey sticks are you thinking?!?
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