
Weekly Commentary: Q4 2024 and the Beginning of Deleveraging: A Professionally Informed Perspective
The Fragile State of the Multi-Decade Credit Bubble: A Looming Threat Over the past few decades, the global economy has been fueled by an unprecedented credit expansion. This credit bubble, which has reached its terminal phase, has become increasingly fragile. One of the most significant indicators of this fragility is the explosive growth in Treasury…