from King World News
On the heels of wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that the risk of total global collapse is greater today than any time in history.
Egon von Greyerz: “The US economy has been a wonder for a major part of the last 100 years. For the first half of that time, the economic wonder was genuine. There was real growth and investment was financed primarily by savings. Real wages were growing and the budget was balanced. There was also a trade surplus and only moderate growth of debt. The US wonder started to fade slowly in the 1960s. In 1961, the US started a record run of 55 years of budget deficits, a disastrous trend that is unlikely to end in the next ten years…