MI150: Long-Term Debt Cycles & Bitcoin w/ Dylan LeClair
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Long Term Debt Cycle
A lot of people are relike, intuitively, they're familiar with the short term debt cycle. But what's not really understood is that long-term debt cycle. And most people don't really understand it, because we've never lived through one before. Right now we have interest rates at zero%. You can just cind to see those higher loads of interest rates. The asset side of your balance sheet falls as an aggregate liability level causes you to liquidate more assets. So this is where i find a monetary bearer asset, made up with no counterparty risk and applied in a way that kind of applies to bit coin too.
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