Cyclical Hurdles For A Highly Over-Leveraged Economy

Let’s begin by taking a trip back in history. In the 1930’s there was a 60% devaluation in the U.S. dollar as the economy struggled with the ongoing depression. Franklin D. Roosevelt felt that the cure for the economic malaise was higher taxes and more spending. Dr. Irving Fisher, famous for his …

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Cyclical Hurdles For A Highly Over-Leveraged Economy

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