RED ALERT: This System Distorts The Market And Turns Appropriate Risk-Taking Into Recklessness While We’re In The Midst Of A ‘Cash Is Trash’ Bubble Where Equity Investors Think They Can’t Lose, And We Are Facing A Real Tsunami of Entitlement Obligations That Have Yet To Hit.
April 1st, 2013
Author Treadway: Debt Crisis Coming to Developed Economies
Developed economies have a sovereign debt crisis to look forward to, including defaults, says Peter Treadway, principal at Historical Analytics and co-author of the new book, “Investing in the Age of Sovereign Defaults: How to Preserve Your Wealth in the Coming Crisis.”
So how bad will this debt crisis be?
“We’ll have to see, but we’re already seeing the early stages in Europe,” Treadway tells Newsmax TV in an exclusive interview. “The major countries all have high levels of debt now, and they’re facing a real tsunami of entitlement obligations that have yet to hit.”
We’re In The Midst Of A ‘Cash Is Trash’ Bubble
The “make fast cash flipping houses” ads are back in force, construction is resurgent, consumers are walking around with shopping bags again, “mom & pop investors” are raising their 401k contributions, and US equities have healed their financial crisis wounds, rising to all-time highs. Animal spirits are also on the rise. You can see it. You can feel it in your bones. People are starting to feel confident, rappers are rapping about the “down economy,” and the mainstream media has finally caught onto the fact that the stock market isn’t going to zero. Instead, it looks like it’s going to infinity.