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happen. If there is one common theme to the vast range of crises we consider in this book, it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. Infusions of cash can make a government look like it is providing greater growth to its
... See moreCarmen M. Reinhart • This Time is Different: Eight Centuries of Financial Folly
Chinese proverb says wisdom begins with calling things by their right name.
John Rubino • The Money Bubble
Austerity and recession: Three simple graphs that explain New Zealand’s economic crisis
Geoff Bertramrnz.co.nz
excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. Infusions of cash can make a government look like it is providing greater growth to its economy than it really is.
Carmen M. Reinhart • This Time is Different: Eight Centuries of Financial Folly
Every hyperinflation looked the same. “Hyperinflations are always caused by public budget deficits which are largely financed by money creation.” But even more interestingly, Bernholz identified the level at which hyperinflations can start. He concluded that “the figures demonstrate clearly that deficits amounting to 40 percent or more of expenditu
... See moreJonathan Tepper • Endgame: The End of the Debt SuperCycle and How It Changes Everything
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It (Grove Art)
amazon.com