Are We Heading Into a Debt Supernova?

Tuesday, September 15, 2015
By Paul Martin

WashingtonsBlog.com
September 14, 2015

Financial luminaries such as Ray Dalio, Bill Gross, Kyle Bass, BCA Research, Ken (“Excel”) Rogoff, John Mauldin and Martin Armstrong think that we’re at the end of a debt supercycle.

Former director of the Office of Management and Budget said we’re facing a “debt supernova“.

Former Fed chief Alan Greenspan said recently

Debt, deficits and entitlement programs are all coming to a head in a few months, all over the world.

The European chief executive of Goldman Sachs Asset Management warns:

There is too much debt and this represents a risk to economies.

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The demographics in most major economies – including the US, in Europe and Japan – are a major issue – and present us with the question of how we are going to pay down the huge debt burden. With life expectancy increasing rapidly, we no longer have the young, working populations required to sustain a debt-driven economic model in the same way as we’ve managed to do in the past.

The world’s most prestigious financial institution, the Bank of International Settlements (BIS) – known as the “Central Banks’ Central Bank” – writes:

We are not seeing isolated tremors, but the release of pressure that has gradually accumulated over the years along major fault lines …

The Rest…HERE

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