Every business owner / entrepreneur should watch this video interview with Michael Lewis by Alan Murray with the Wall St. Journal. Lewis is the author of The Big Short, Moneyball and his latest book, Boomerang which explores our global de leveraging and potential impacts.
Michael Lewis does extensive research working with very savvy people and his analysis in The Big Short was superb. I recommend watching this interview and reading Boomerang.
I advise keeping debt to a minimum and cutting spending as much as possible. This interview mentions mistakes made by the investment community and hopefully we can learn from this and not repeat this cycle in the future.