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MI271: The Long Term Debt Cycle & De-Dollarization “Fairytale” Explained w/ Alfonso Peccatiello

The Intrinsic Value Podcast - The Investor’s Podcast Network

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The Different Paths of a Recessionary Szenario

How does a recessionary scenario differ from a period of deleveraging? Well, it's a good question. Sometimes they coincide. So the key is how does this recession play out? Does it hit a very leveraged sector? Do it hit the credit market like it did with the housing market in 2008? If it hits directly, one of these very leveraged credit sectors, then deleveraging is the obvious thing that happens next. But if instead it's a domestically driven consumption, driven recession where the labor market weakens, where people spend less, you don't have necessarily a deleveraging episode as well. And it's not a guarantee that you always get a delever

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