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May 13, 2017 | Next Wave of the Global Debt Crisis is Cresting

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

The 2008 debt crisis continues to plague the world economy. The next wave is likely to break along the fault lines of highly levered households in China, Canada, Australia, South Korea, Belgium, Norway, Sweden and others. Collectively these countries represent the economic weight of the US.  As in 2008, the cash crunch will be contagious.

Kingston University Economics Professor Steve Keen discusses the shortfalls of the European Union, why globalization must fail, and warns of major economies at risk of crisis. He speaks on “Bloomberg Surveillance. Here is a direct video link.

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May 13th, 2017

Posted In: Juggling Dynamite

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