A credit-fueled economic expansion? What could possibly go wrong?
*Many see me always write about the ‘credit-fueled’ economy post 1980’s Here’s a way to look at it After the 1970’s, US broad money has exploded relative to US real GDP Bank credit has decoupled from the economy and grown far faster ~ most going into non-GDP:speculative assets pic.twitter.com/50TRuB6151 — Adem Tumerkan (@RadicalAdem) May 30, … Read more