A Global "Debt Mountain": Beware Of This "New Peak"
from Elliott Wave International
Prepare now for a situation that is “building to an epic finale”
Most people going about their daily business probably never give a moment’s thought to global debt.
But, in EWI’s view, the topic deserves serious attention.
You only have to think back to the 2007-2009 subprime mortgage meltdown to know why. Of course, subprime mortgages are a form of debt, and when many of these loans turned sour, the entire global financial system teetered on the brink of collapse.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202011130529
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