The chart is an interesting example of how Bank Debt has been growing in excess of other forms of Debt. It shows also the potential for the dramatic leverage which has been occurring. We have published a new monthly report on this area as well as a detailed analysis of how to take a new look at the field of macroeconomics. The concern is that the new team arriving on Tuesday may not be any better than the old team, except it will include more Harvard types, remember the Bay of Pigs folks!
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