Danielle Park joined us for our bi-weekly chat.
We talked extensively about the major malinvestment that has taken place in the QE-inflated world and how Dubai is going bust yet again. Margin debt is near all-time highs and so is world wide debt at 450% of GDP. Liquidation is inevitable and when it happens, look out below. Are those bodies falling from buildings or just defaulted collateralized debt obligations? What difference does it make anyway?
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