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Debt Super Cycle
Pinnacle Digest Writes:
John Mauldin and Casey Research have joined forces to bring you a compelling interview on the end of the debt super cycle. John doesn't just smash the PIIGS and America, but discusses China's housing and banking bubble. He notes that China is one country which has been able to avoid a government debt bubble thus far.
When it comes to the euro zone and its impending doom, he casually notes that when the cost of staying together, becomes more than breaking up, action by governments will be taken.
The debt of the western world and just how the end might come is broken down in detail. From a drastic decline in Japan's savings rate from 16% down to 1%, to Greece's default and coming collapse of the EU, this interview tackles it all.
Read this report here...