Small Stories Add Up To A Big Problem

By: John Rubino | Fri, Dec 25, 2015
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Three smaller stories -- a debt default by a Mexican construction firm, Spain's recent election of an anti-euro government, and Brazil's replacement of its finance minister with an easy-money political operative -- combine to paint a picture of a world that's heading inexorably towards a financial mess. It will begin with a wave of defaults, as emerging market borrowers of US dollars are unable to manage their debts. Then a critical mass of newly-elected (or newly-configured) governments will throw austerity and other related notions of fiscal restraint out the window. The result will be another wave of aggressively easy monetary and fiscal policies that will set the stage for an epic crisis. Get the details here.



John Rubino

Author: John Rubino

John Rubino

John Rubino

John Rubino edits and has authored or co-authored five books, including The Money Bubble: What To Do Before It Pops, Clean Money: Picking Winners in the Green Tech Boom, The Collapse of the Dollar and How to Profit From It, and How to Profit from the Coming Real Estate Bust. After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a currency trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine.

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