[gwbas1c]

If you want to understand what's going on, I strongly recommend reading Principles for Navigating Big Debt Crises by Ray Dalio.

The book is highly researched and explains the pattern we're in, and what we'll see next.

https://www.amazon.com/Principles-Navigating-Big-Debt-Crises...

[czbond]

If you don't mind PDF, you can also get it free from the author here: https://www.principles.com/big-debt-crises

[sph]

And here’s the PDF if you don’t want to give away your email: https://github.com/the-bookshelf/misc-economics/blob/master/...

[roxolotl]

And if you don’t have time to read it Ray was on Odds Lots in the spring and laid out the gist. https://pca.st/episode/c2eae258-c051-4cd1-87f6-0410e2eb926c