Leveraging And Deleveraging: Beauty Or The Beast? by Steve Blumenthal, Capital Management Group
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“The economy is like a machine. At the most fundamental level it is a relatively simple machine. But many people don’t understand it – or they don’t agree on how it works – and this has led to a lot of needless economic suffering…
Seeing the economy and the markets through this ”transactions-based” perspective rather than seeing it through the traditional economic perspective has made all the difference in the world to my understanding of what is going on and what is likely to happen.
It lets me see what is actually happening and why it’s happening in much more granular ways than the traditional way of looking at things.
Because...
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