Ray Dalio is talking about this:
Ok, something has officially changed folks.
There is now a veritable flood of people on the “bubble vision” TV that are talking about the reality of leverage application and its un-sustainability.
Once something reaches mainstream media currency then it becomes a thing that can no longer be avoided — or evaded.
Roughly six years into this for The Ticker we are finally seeing something approaching the recognition of reality.
“The level of spending (must come down to) the level of income.”
But… he’s rather positive in the general sense as to the economy. Sorry, but you forgot to subtract that from GDP, and more-importantly, you also forgot what happens when bond yields start to back up and what this does to national budgets.
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