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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: 3bar who wrote (17314)11/2/2015 2:54:47 PM
From: 3bar  Respond to of 33421
 
" The Next Economic Disaster " Why it's coming and how to avoid it by Richard Vague . This guy and Steve are on the same page that Private Debt to GDP is important . Steve suggest to read this book .

It is the rapid growth of private debt to GDP for 5 years at the end of the business cycle that sets us up for a crash . This happens in an economy that has a history of economic expansions .

One other comment of interest - if this system is allowed to continue the banks will have all the $ and the economy will be destroyed .