Jim Rogers : "There has been a major overhang, so we will see the easing of some pressure, but the problem will come back because the Western world still has not dealt with its debt,"
"Most European countries are increasing their debt rather than decreasing their debt. Until that changes, the problems are going to continue, just as they will in the US," - in Investment Week
The problem is too much debt everywhere. Countries, States, Businesses, Individuals. Debt now commands attention, and because of the amounts, there can not be attention paid to other things. Business expansion, health and services, individual plans for their future. Debt service and debt reduction are #1 and #2 for the future.
ReplyDelete