Batten Down The Hatches: The Turbulent Twenties Lie Dead Ahead, Part 2

The Turbulent Twenties and the coming baleful trends outlined in Part 1 have been gestating for decades in the chart below. Their driver and most visible manifestation is the nation’s crushing public and private debt levels, which now total $74 trillion, and the implied national leverage ratio, which has now nearly tripled since the halcyon days of the mid-1950s. So […]