With global US dollar-denominated debt at all-time highs and congress' excessive spending, we could be on the precipice of a financial calamity. Stock markets are very sensitive to these changing financial conditions and seem to be signaling trouble ahead. High to low ranges on the S&P 500 have been in excess of 100 points and the 10-yield is rising rapidly. Join me today as we use Ray Dalio's YouTube presentation about debt cycles to try to make sense of what we could potentially be looking at right at the beginning of the largest depression in our country's history.
