We were obviously wrong about Untitled Partners» ability to grow through the subsequent downturn. (foundersblock.com)
Once an economic expansion ends, however, the amount of built - up leverage (debt used to buy assets) in the financial system typically helps determine how bad a subsequent downturn might be. (fidelity.com)
In my view, the 2 key drivers that will signal when the US expansion and bull market are ending — and how bad any subsequent downturn might be — are inflation and leverage (debt used to buy assets). (fidelity.com)