"I don't want to hear about it."During a mania, "no prudent professional is perceived to add value"
By Elliott Wave International
"I don't want to hear ab
Extreme financial optimism is on display with “stocks, property, cryptocurrencies and digital art.” Also consider junk bonds. Here’s a chart and commentary.
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Global Tipping Point: Good Debt Vs. Bad Debt - Which is Winning?
Isn t
Well, in a word, no.
Broadly speaking, there are two types of debt. One of them actually adds value to the economy if handled in the right way, so you might call this a good form of debt. However, there s another type of debt (or credit) that hurts the economy.
A classic quote from an
Elliott Wave Theorist provides insight:
Self-liquidating credit is credit that is paid back, with interest, in a moderately short time from production. Production facilitated by the loan generates the financial return that makes repayment possible. It adds value to the economy.