Nomi (@prinsights): "Poignant words from @The Macro Butler in this sweeping analysis on the pitfalls of debt vs. investing in hard assets."

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Poignant words from The Macro Butler in this sweeping analysis on the pitfalls of debt vs. investing in hard assets.

The real trigger for a sovereign debt crisis isn’t the absolute level of debt, but the moment nobody shows up to buy the next round of IOUs to fund ever-bloated deficits.

The Macro Butler

Sep 23

at

11:23 PM

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