The Next Financial Collapse: An Update
by Dave Gonigam, Daily Reckoning
Thanks to China’s devaluation last week, a $14 trillion debt tsunami looms closer to shore.
It was seven months ago today in The 5 that Jim Rickards first alerted us to
“a $14 trillion pile of corporate debt that cannot possibly be repaid or rolled over under current economic conditions.”
Source: http://econintersect.com/b2evolution/blog2.php/2015/08/23/the-next-financial-collapse-an-update
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