Stock markets dicey. Again. Banks in trouble. Again. Consumer spending falling. Trade wars. Again. Households struggling with debt. Businesses with costly debt failing. Negative yield curve forecasting recession: thirty-year Treasuries much cheaper than one-year. And we haven’t got anywhere near the next financial crisis. Yet.
What is the common factor? Debt cannot expand to infinity, but one-fifth of economic output is spent on interest.
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This Non-Fiction book is available in these Formats: eBook, Print