by Steve Blumenthal
“So the real question that I think people should think of is: Are we at the end of a long-term debt cycle?” — Ray Dalio
I’ve written a great deal about debt. In last week’s piece, I showed the enormity of the problem. Growth is slow and I believe will remain in the 1.5% range. Not good enough. Debt is the significant problem and we are seeing something few have witnessed before. We are at the end of a long-term debt super-cycle.
Governments and central bankers are struggling to find a fix. The implications affect your and my financial health. Understanding debt and deleveraging cycles should be at the top of our to-do list. How you are positioned today matters.