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Lacy Hunt: The World Economy's Terminal Case of Debt Sclerosis

In danger of dying from too much debt
Sunday, August 24, 2014, 11:54 AM

Never before has the developed world carried this much debt. Never before have the central banks of those same countries expanded their balance sheets so much. Never before has so much sovereign debt been outright monetized. Never before have major financial institutions been officially designated as “too big to fail” and thereby been granted special license to assume gigantic risks.

Dr. Lacy Hunt, economist and current executive vice president of Hoisington Investment Management Company, expects the macroeconomic situation to get worse from here: » Read more