Part I: Understanding Economic Contraction
Just like peak oil and global warming, economic contraction is a “game changer.” As the economy we now know crumbles, the far-reaching repercussions will sculpt every aspect of our future. In my opinion, any long-term plan must anticipate that it…
Debt: Borrowing money in times of Economic Contraction
When my kids were younger they used to play a game in which everything they said was turned opposite. Up was down, hot was cold, yes was no. As we enter a contracting economy, virtually every assumption and expectation we…