Apr 17 2012

The long debt emergency has arrived – From 1950 to 1980 total US credit market debt to GDP held a ratio of 1.5. Today that figure is above 3.5 with total US credit market debt at $54 trillion.

We are reaching a point of no return with global debt.  The US will be running deficits for as far as the indebted eye can see.  This isn’t a new or novel trend but the magnitude certainly is.  Since we stepped on the deficits do not matter accelerator in the 1980s the US dollar has […]

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