Endgame: The End Of The Debt Supercycle And How It Changes Everything: Greece isn't the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is affecting developed countries around the world, including the United States. For these countries, there are only two options, and neither is good—restructure the debt or reduce it through austerity measures. Endgame details the Debt Supercycle and the sovereign debt crisis, and shows that, while there are no good choices, the worst choice would be to ignore the deleveraging resulting from the credit crisis. The book: If PIIGS have to fly, they will need to exit the euro - Firstpost
Firstpost | If PIIGS have to fly, they will need to exit the euro Firstpost As John Mauldin and Jonathan Tepper write in Endgame – The End of the Debt Supercycle and How it Changes Everything, “In plain English…if the borrowing rate is 3 percent while inflation is 4 percent you're effectively borrowing for 1 percent less than ... and more » |
