from Financial Survival Network
Gordon T. Long has been watching auto sales for quite some time. Debt keeps going up and now sales are declining. Corporate debt has escalated and it has become a giant equity to debt swap. It can’t keep going the way it’s going and it won’t. According to Gordon it’s all just a matter of timing. The Fed will have to reverse course and flood the system with liquidity once again. Daddy where do business cycles come from?
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