Mittwoch, 23. April 2014

Never have as many major countries been bankrupt. The list of these countries is getting longer all the time. This includes the United States, most of the European Union countries, eastern Europe, Japan, and many emerging markets. Also, China is at risk with total private credit up 100 percent in the last few years, at 230 percent of GDP, and the shadow banking system at 84 percent of GDP.

Matterhorn Asset Management