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On the subject of debt, the world’s response to the 2008-2009 debt inspired banking and financial crisis was to apply even more debt in an attempt to borrow its way out of a crisis caused by too much borrowing in the first place.  I’ve never understood the logic behind this strategy but then again I ain’t that smart or very edumacated either.  Prior to the 2009 financial and economic crisis non-performing loans stood at 4.2% based on World Bank estimates.  In 2015 the level of non-performing loans reached 4.3% or more than 3 trillion Dollars in distressed debt globally as per the World Bank. But don’t worry I’m sure it’s “ahem” different this time.

This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.

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