flâneur

Travers Nisbet

0 followers · 237 views

on the atlas — 7

highlights — 2

  • t describes the archetypal long-term debt cycle in economies, with several distinct phases: Early expansion (low debt, economic growth) Bubble (rapid debt growth, asset inflation) Contraction (crisis, recession/depression) Deleveraging (debt reduction, austerity, defaults) Normalization (recovery) There are two main types of debt crises: Deflationary - when debts are in domestic currency, involving austerity and defaults. Managed by central bank printing money. Inflationary - when significant debts are in foreign currency. Managed by currency devaluation. Can lead to hyperinflation. Four polic…
    Claude
  • Starting [at a young age] he’s read everything that he could find about business. The subject that interests him, he’s read newspapers, biographies, trade press. He went over to his grandfather who was a grocer and he read the progressive grocer magazine, and he read articles on how to stock a meat department... What he’s really done is he’s created this immense vertical filing cabinet in his brain of layers and layers and layers of files of information that he can draw back on now for more than 70 years worth of data.
    Curius / Onboarding