"Comparison of Margin Debt and Investor Net Worth"

There was a lot more net worth and less margin debt in 2007/8 than the present.

I believe this is one indication of what may be the biggest debt bubble in world history.

We have (electronically) printed and borrowed our way to what looks like a very unstable future.

The whole world, all at the same time.

It's never happened like this before, as far as simultaneously goes.

Relatively large wars are usually a consequence.

The middle east is a mess.

If some petrol supply chains get blown up somewhere, and a price spike evolves, many smaller countries will be at risk of hyper-inflationary outcomes, which usually leads to unrest/uprisings/governmental overthrow.

Trade finance is at risk.

Globalization should diminish.


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