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The State of Deleveraging and Investment Strategies
This chapter delves into the state of deleveraging in the United States, exploring the boom and bust in household credit from 2002 to 2013. It discusses the significance of a strong money supply, contrasting trends of deleveraging in households and increasing leverage in businesses, and the government's borrowing role post-crisis. The chapter also covers investment opportunities in the oil market, including insights on oil-producing countries' strategies, investing in cheap oil, and choosing between individual oil investments and ETFs.