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Debt Cycles 101: Why Credit Is the Beating Heart of Economic Growth
For the last 20 months, I’ve dragged you through the swamps of student loans, auto loans, corporate debt, margin debt, and government debt. But it hit me - maybe I never really explained the beast itself. I’m talking about the debt cycle. See, debt itself isn’t inherently good or bad - it’s about how it’s used and at what scale. Once you understand how the cycle works, you’ll see the economy in a whole new light. You’ll be able to spot booms before they bubble over, and busts before they hit the news. More importantly, you’ll realize that debt isn’t some side character in the economic story (like ... (full story)