Betting against deleveraging is probably not a smart thing to do. Not until it’s over…which is not until the leverage built up in the bubble era has been removed. And with total debt levels at 370% of GDP…and the government adding even more debt…we’re a long way from there.
June 10th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "deleverage"
The Battle Raging Between Inflation and Deflation
We have been talking about the battle raging between inflation and deflation. But this is one way to win, no matter which side comes out ahead. Want a sure bet? Bet on de-leveraging. How do you do that? There are many ways.
April 4th, 2008 | Bill Bonner | 0 comments | Continued