Are we at risk of another debt crisis?
Bull markets are like great parties. Everyone has a blast, they go on forever, and no one wants the night to end. The global economy has been raging for a decade and now we're straight into the after-party. But how are we funding this late-night extension? Debt. Lots of debt.
With consumer debt now at levels twice as high as the last debt crisis, it feels like we are headed for one hell of a hangover.
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Bull markets are like great parties. Everyone has a blast, they go on forever, and no one wants the night to end. The global economy has been raging for a decade and now we're straight into the after-party. But how are we funding this late-night extension? Debt. Lots of debt.
With consumer debt now at levels twice as high as the last debt crisis, it feels like we are headed for one hell of a hangover.
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