This is a taster for what an investment manager has to say in his new book:
“Personal debt is a developed-country problem. Prosperity has been bought, literally, on credit.”
“Forecasts of economic loss that do not consider increased interest costs are of little use.”
“No amount of Keynesian stimulus can force credit on reluctant households and businesses.”
“The trickle-down theory and market obsession of neo-liberalism have achieved little.”
Taken from The Financial System Limit by David Kauders, published by Sparkling Books:
ebook9781907230776, UK print edition 9781907230790, US print edition 9781907230769, paperback 9781907230783 available everywhere except UK/US, see links to stores. The UK print edition has a UK postscript as a bonus.