So kind of a drag really.
Today though I here to do you a favor.
No, seriously go back and click on that link right now. This is important.
We are currently in the midst of an epochal moment and a guy named "Woody" has nailed it.
From his conclusion:
"This essay began with a demonstration of the all-important role of the evolution of a nation's Debt-to-GDP ratio. The direction of this evolution is a good proxy for the future success or failure of the nation. We argued that a one-time shock (like today's US recession) that drives the initial Debt ratio way up does not pose the problem most people assume. Long run recovery is possible, but only if policies are adopted that drive the growth rate of the numerator down, that of the denominator up, and thus that of the ratio down."
Seriously nailed it.
If you're interested in more, here is his site.
Pursuit,
ReplyDeleteSend me an email so we can continue the conversation. Wally