Podcast: Easy Money From China, Japan and Europe Has Failed. What's Next?
China's most recent borrowing binge didn't work, while Japanese and European negative interest rates sent their currencies up rather than down. The result: Global growth is slowing and governments are panicking. Look for fiscal stimulus to pick up the slack in the year ahead -- that is, bigger deficits, more government borrowing and maybe even the fabled debt jubilee. Precious metals love this kind of thing, so after the coming correction, look out.