and it’s supposedly a large part of the ticking time bomb as we move seemingly inexorably toward a correction/recession/depression.
Once the implosion happens, how is the debt problem resolved? A massive ying and yang of defaults, collections and write offs through which the world emerges with a less risky aggregate debt load? And the prudent play for the average joe (with no debt and investable assets) is to sit in your storm shelter with an appropriate asset allocation?
Once the implosion happens, how is the debt problem resolved? A massive ying and yang of defaults, collections and write offs through which the world emerges with a less risky aggregate debt load? And the prudent play for the average joe (with no debt and investable assets) is to sit in your storm shelter with an appropriate asset allocation?