By John Mauldin, includes “Nothing is forever, not even debt. Every borrower eventually either repays what they owe, or defaults. Lenders may or may not have remedies. But one way or another, the debt goes away. One of Western civilization’s largest problems is we’ve convinced ourselves debt can be permanent. … Once the Great Reset is over, we’ll find a much better world waiting for us. Getting there will be the hard part. …”
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