Debt Outstanding, GDP and Income: Who Are They Fooling?

Credit is the lifeblood of all modern monetary systems. But debt, when it becomes excessive, chokes off growth and ultimately, if pressed too far, caused a deflationary collapse. Tickerguy goes into the debt and its composition, along with debt-to-GDP ratios, and asks: How can we avoid what appears to be a certain “second leg” downward – way downward? See the linked ticker at market-ticker.org