The New Normal
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Following the macro-economic analysis provided by the folks at Pimco, we review Hyman Minsky’s tri-partite concept of debt structure. This topic sounds esoteric, but we guarantee it will seem strangely familiar. We add a fourth category to the Minsky model, however, which corresponds to the conservative and austere mindset that we expect to gradually dominate economics on Main Street as the slow deflation of various asset bubbles progresses.
Read the full article: http://spearfinance.com/tsr/new-normal.htm
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