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More from @TheBondFreak

Apr 2, 2020
Ok, #Fintwit friends, steady yourself for this feedback from a bank client in Massachusetts: "Some FYI from Main Street USA".
And about these SBA loans that appear to be grossly underfunded at $350 billion.
Read 5 tweets
Feb 11, 2018
Global debt.
2007 = $57 trillion.
2017 = $233 trillion.

That’s a lot of kindling!
I believe the "end-game" is when some debtor of significance, possibly a country, finally gives up on their debt and heads home, effectively lighting the match and leaving Rome to burn. There's an underlying asset that supports a debt, but not if that asset no longer has value.
Friends, I must correct! @windcarfare was kind of enough to point out my error. Global debt INCREASED $57tril from '07 to '14. So there's this.

2000 Q4 = $87tril
2007 Q4 = $142tril, up $55tril
2014 Q2 = $199tril, up $57tril
2017 Q3 = $233tril. up $34tril

My apologies!
Read 4 tweets

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