According to [Boston Consulting Group], the amount of developed world debt between household, corporate and government that needs to be eliminated is just over $21 trillion. Which unfortunately means that there is an equity shortfall that will have to be funded with incremental cash which will have to come from somewhere.
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Deleverage, deflate and devalue. Simple law of supply and demand. When will we learn it not a theory to be tweaked but a law of nature.