from King World News
This ticking time-bomb is now threatening the world financial system.
Here is a portion of today’s note from Art Cashin: I Owe You One – In this week’s edition of “Outside the Box”, my friend, John Mauldin, featured the latest report from Dr. Lacy Hunt of Hoisington Investment Management. It is an eye-opening piece on the topic of debt.
To whet your appetite, here is a quote from John’s introduction:
The Federal Reserve, the European Central Bank, the Bank of Japan and the People’s Bank of China have been unable to gain traction with their monetary policies….