“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”
– Abraham Lincoln
“If more of us valued food and cheer and song above hoarded gold, it would be a merrier world.”
– J.R.R. Tolkien
Read more“A serious writer may be a hawk or a buzzard or even a popinjay, but a solemn writer is always a bloody owl.”
– Ernest Hemingway
Read more“China’s economy has entered a state of new normal.”
– Premier Li Keqiang, 2015
“Success breeds a disregard of the possibility of failure.”
– Hyman Minsky
Read more“Forget the past. The future will give you plenty to worry about.”
– George Allen, Sr.
“I try not to worry about the future, so I take each day just one anxiety attack at a time.”
– Tom Wilson
Read more“I often joke that 100 years from now I hope people are saying, ‘Dang, she looks good for her age!’”
– Dolly Parton
“Just because you live 20 years or 100 years doesn’t make it less meaningful. They’re both short amounts of time. So all we can do is just live in that time, whatever time we’re given.”
– Ansel Elgort
“If I had more time, I would have written a shorter letter.”
– Blaise Pascal, 1657 (and a few score other later attributions)...
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The Debt Supercycle theory traces the increasing transfer of private debt to government balance sheets, highlighting its implications, the unique constraints of government debt management, and potential future scenarios—including the limits of government borrowing, the role of bond vigilantes, and the risk of a major fiscal crisis if current trends continue.
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