QUESTION: Mr. Armstrong; For the past two WEC events you have warned that the Sovereign Debt Crisis will strike first outside the USA and the rise in the dollar and US interest rates will push emerging markets into default. Since you also said that pension funds had rushed into emerging market debt to get higher yield no available in USA and Europe, …………………
The Sovereign Debt Crisis has Spread to 119 Countries
Socialism is not just ruin camouflaged as equality. It is despair wrapped up in the rhetoric of hope.
— Hugo Gurdon