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The Next Economic Disaster

Why It's Coming and How to Avoid It
in: Economics
Summary:

The book analyzes the patterns of private debt accumulation that have led to major financial crises, arguing that excessive lending is a key predictor of economic disaster. It proposes policy solutions to monitor and mitigate the risks of private debt to prevent future economic collapses.

Key points:

1. Private Debt Surge Signals Crisis: Vague suggests that rapid private debt growth, outpacing GDP, often foretells financial crises, like the one in 2008.

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