Introduction

The world's focus is on how hot inflation is running right now, and that's completely understandable. But in terms o where we should be placing our concern, we may be getting distracted from the true threat - deflationary side of things. Debt saturation was a significant factor in triggering the two thousand eght global financial crisis. And now, onceg n it looks poised to potentially pull to day's economy into recession within the year head to explain its importance. Consumer spending makes up 68 % of total annual economic activity. If it falters, the economy falters.