Please check out Crescat’s latest macroeconomic research letter. We discuss the implications of record high global debt levels, China’s unsustainable fixed asset investment binge, the European debt crisis, declinging real household income in the U.S., understated CPI, gargantuan off balance sheet derivatives. Central banks have been behind an upward spiraling series of bubbles, busts, and bailouts. The biggest busts and bailouts are likely still ahead of us, possibly the end game [...]
Posted: October 24, 2011 by Kevin S. (China Real Estate Bubble, Competitive Innovation, Consumer Squeeze, Fixed Income Bubble, Global Fiat Currency Crisis)
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