Hahaha…this is so my claim all along! Great short report. Of course for me to work upon.
http://bonddad.blogspot.com/2008/05/its-debt-stupid.html
The Bonddad Blog
It’s the Debt, Stupid
One of the first trends I noticed with the latest US expansion is the record amount of debt that was involved. Simply put — this was a borrow and spend expansion like [...]
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