These are two charts from Marc Faber's recent lecture 'Gloom, Doom, or Boom?'. The first (source: Ned Davis Research) shows that the last time US debt grew to such stratospheric levels as now was in the 1930s.
The second chart (source: Stifel Nicolaus) suggests that we are due for an upturn in consumer inflation.
1 comment:
With consequent contraction nd calling in of debt after that.
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