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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday 20 March 2016

My concern is that while looking for troubles in the East, investors are neglecting unsolved problems in the west,' says William Littlewood

.... while looking for troubles in the East, investors are neglecting unsolved problems in the west. In the context of poor growth, the high levels of sovereign debt in many developed nations are unsustainable. This has been masked temporarily by the actions of central bankers, who have suppressed interest rates to historical lows and in turn made borrowing costs appear manageable.  

http://www.telegraph.co.uk/finance/personalfinance/investing/12128140/China-in-crisis-Another-credit-crunch-in-the-West-is-far-more-likely.html

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