Average mortgage debt for red States versus blue States. The blue States carry about fifty percent more mortgage debt, a monthly payment of $3055 versus $2052. That's a significant factor in inflationary expectations. Debtors tend to favor inflation to dilute their debt. Higher debt means higher tendency towards inflationary policies and politicians.

Ray Dalio & Civil War
I’ve mentioned Dalio and the Kondratieff wave before. His recent article explains his investment model and likelyhood of a second civil war. Two years ago his probability estimate was 1 in 3, which I thought too low, but today he’s in sync with me: “Now I think the risk of
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