Have you ever tried to stretch a rope until it breaks ? What’s the noise you hear few seconds before the breakage ?
(original publishing date: 12/08/2014)
We suggest that a rope about to break would look a bit like this:
The marginal debt is stuck, and we see this every month (we try to give you updated data from Doug Short).
And once again: it’s not different this time.
This is what was happening in 2000 and what was happening in 2007, the rope WILL break.