I was wrong. The great Credit Expansion Finished didn’t end with the financial crisis; the great Credit Expansion merely took a reprieve. While the effects of the reprieve were mighty indeed, with stock and bond prices plunging, I was wrong to believe Credit Expansion Finished. Total credit (debt) has now soared to new highs largely taking stock and bond prices right back up with it.
(more…)
Posts Tagged ‘debt’
More Debt More Better
Debt Matters
The narrative of the financial crisis is only beginning to be written. Slowly but surely every one of us will be able to sum up the crisis in two words: Debt Matters. As the Federal Reserve continues its policy of buying treasury and mortgage bonds we can debate whether this will end the crisis or just end badly. We should however already be able to agree: Debt Matters. (more…)
Securities Offered Through Maplewood Investments, Inc., MEMBER FINRA, SIPC, FINRA's BrokerCheck.
©2024 by The Select Group. All Rights Reserved.
Strategic Branding and Creative Services by Murillo Design, Inc.
NEWS FEED
Tweetomatic error: Could not authenticate you.