The Deleveraging is Inevitable - But Does it Have to Hurt?

Every levering up is followed by a deleveraging. There is no way around that, however. There is a caveat that would allow people to not experience or notice that the deleveraging is happening. So we're going to talk about three pieces today - What is a levering up? - What is a deleveraging? - Why is that always inflationary or deflationary? And finally, 'how can you possibly make it so you don't feel the pain of that deleveraging?'