Roaring Twenties Archives - munKNEE.com
Wednesday , 28 October 2020

Tag Archives: Roaring Twenties

Magnitude of Current Credit Destruction is Deflationary

Periodically in history, the expansion of credit creates the illusion of prosperity which, regretfully, ends in the inevitable bust which seems to be the case today. The sheer magnitude of credit destruction occuring right now is depressionary. The return to growth will be a long and painful process. Words: 625

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