2min chapter

The Compound and Friends cover image

The Most Powerful Man in Washington Stays Put, How to Buy a Correction (with Tony Dwyer)

The Compound and Friends

CHAPTER

You Can't Fix Debt With Exponentially More Debt

You cannot fix debt with exponentially more debt. In the 90s, 7% interest rates were considered fairly low and now they're unimaginable. Are we going to go back to this playbook in the future because we have no choice? Is the Fed buying the bonds of investment grade companies in the next recession? Like are we going to repeat this playbook where we flood people's bank accounts with money?"

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