Forthcoming Global Recession?

Mike Shedlock, just for one, takes it seriously. What’s interesting is that it seems likely notwithstanding continuing, even unrestrained borrowings by western governments. In time much of the west will die under this mountainous and suffocating blanket of debt. It will come as a terrible shock to those many citizens who have reposed undeserved but great trust in governments whose own trust in the fairies at the bottom of the garden–their name is Maynard–seems inexhaustible.

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