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Chapter Two App, page-5

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    it’s called a debt cycle and it cycles with interest rates. When money supply increases too much central banks have to tighten it’s not a choice. Interestingly it may happen quicker then we expect.very interesting to see commonwealth bank expecting interest rate rises by next year. The other three banks expect 2024 currently

    This graph gives a great overview of America’s debt cycle. https://hotcopper.com.au/data/attachments/3303/3303682-6ff09b983e66eac675a8542c224a89b9.jpg

 
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