This week’s “Lengthy Reads Sunday” studying is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historic context.
- When financial coverage is efficient versus when fiscal coverage must take over
- How short-term debt cycles add as much as long-term debt cycles which have very totally different treatments
- Why long-term debt cycles inevitably finish in default or devaluation
- Why the conclusion of the final long-term debt cycle within the U.S. – the 1930s and 1940s – means that devaluation is the more than likely end result