Previous post Next post

Who is the Biggest Debt Time Bomb: Japan, France, the UK or the United States?


Some must reads: According to the Economist the biggest time bomb in the euro zone crisis is France.

We wonder why the United States and Britain, that have same weak trade balances, the same weak competitiveness and a debt overhang, shouldn’t have a problem?

Just because France must do austerity according to the German Fiscal Compact wish, and the US and Britain do not need to do this?

Or like Ray Dalio called it, are the US and Britain doing a beautiful deleveraging? Or is financial repression and accumulation of debt a real danger, given that the earlier phase of debt deleveraging after the WWII in the 1950s was driven by negative real interest rates and financial repression, but also with strong growth. Where is the strong growth today to be able to repress financially?

Are you the author?
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
Previous post See more for 2.) Europe and Euro Crisis Next post
Tags: ,,,,,,

Permanent link to this article:

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.