"Disciplined Systematic Global Macro Views" focuses on current economic and finance issues, changes in market structure and the hedge fund industry as well as how to be a better decision-maker in the global macro investment space.
Friday, June 26, 2009
History repeating the Jazz Age of credit
Good opinion piece in the FT, "Lessons in the Jazz Age for Creditors" by James McDonald. It tells an interesting story associated with the debt imbalances in the 1920's leading to inflation and default in Germany. In the 1920's, it was Germany the debtor borrowing from the large exporter and creditor America. Every time is different but there is always something to learn from history. It does repeat itself.
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