Great Debt Crisis Ahead
Unprecedented debt levels, slowing demographic trends in spending, and deflation in prices (not inflation) will create a crisis much like the early 1930s. These are the three Ds—debt, demographics, and deflation—that people must understand in these increasingly volatile times to survive and prosper. The massive stimulus program will fail by late summer and create a greater banking crisis than we s...
Unprecedented debt levels, slowing demographic trends in spending, and deflation in prices (not inflation) will create a crisis much like the early 1930s. These are the three Ds—debt, demographics, and deflation—that people must understand in these increasingly volatile times to survive and prosper. The massive stimulus program will fail by late summer and create a greater banking crisis than we s...
