When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.
You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
People have different impressions of themselves, and where reality lies is somewhere in between.
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.