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Outside the Box: The Kingdom of Denmark
by John Mauldin
Gold Seek
In Thoughts from the Frontline, I am in the middle of writing a series on debt. I realized on Sunday that the second installment wasn’t ready for prime time, so I will work on it some more and send it out (hopefully) this coming weekend. In the meantime, in keeping with the theme of debt, for today’s Outside the Box we have the following issue of The Credit Strategist from the ever-insightful Michael Lewitt. Michael starts out musing on debt and then shares a number of useful thoughts on a variety of market topics, with his usual panache.
“The day-to-day volatility of the stock market is a side-show; the real story is the massive build-up of debt and what it means for the value of the currencies in which those debts are allegedly going to be repaid in the future. The truth is that those debts are never going to be repaid in constant dollars. Those who understand that and act accordingly will profit enormously; those who don’t will fare very poorly.”
Continue Reading at GoldSeek.com…
Source: http://financialsurvivalnetwork.com/2015/03/outside-the-box-the-kingdom-of-denmark/?utm_source=rss&utm_medium=rss&utm_campaign=outside-the-box-the-kingdom-of-denmark
