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Debt is a four-letter word. It's that simple.
Yes, it's a useful tool when used properly and in the right amounts.
But governments, especially, know no bounds. Global public debts have reached insane, and ultimately hazardous, levels.
In the last 15 years, worldwide debt has more than doubled, up by nearly $150 trillion.
In July, the Institute of International Finance warned that global debt rose the most in two years, by $8 trillion in the first quarter of this year, reaching an astounding $247 trillion.
That number represents a staggering 318% of global GDP.
Much of it will never, ever get repaid.
As a result, the bond market, where the bull died in 2016, will become a bloodbath. Being long there will be outright dangerous to your financial health.