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That Wasn't the Bottom
The Compound and Friends
The Problem with the Credit Cycle
There is a credit cycle, which means that people are borrowing more money and spending more than they are able to pay back./nThe current cycle is positive, meaning that people are making more money than they were before and can therefore borrow more./nThe problem is that this cycle is based on a historic amount of leverage, meaning that people are borrowing more money to buy more things, which will eventually lead to a crash.
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