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Dec 5, 2023 – The past decade has seen unprecedented levels of deficit spending and debt accumulation by the US government. According to the data, this unsustainable path will eventually lead to
While some economists may argue that secular stagnation is to blame for China’s economic slowdown, concerns about sustained slower growth are overblown. If the country falls into a recession, it would constitute the next turn of the debt supercycle that began in the US in 2008 and moved to Europe in 2010
The Daily Reckoning – or the ‘DR’, as it’s affectionately known – has been in the business of independent financial forecasting since 1999. Ever since then our aim has been pretty simple… To look at & study the world & markets, & to give you our best guess as to where they’re headed...