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The $200 Disaster And Serious Global Economic Repercussions
kingworldnews.com / October 16, 2015
With the dollar moving higher along with most global stock markets, today a legend in the business sent King World News a powerful piece that discussing a $200 trillion problem and global economic repercussions.
October 16 (King World News) – From Art Cashin’s note: Not What They Appear To Be – We all have heard the Rubric that folks are using their gas savings to pay down debt or deleveraging. In fact, we have been told that all across the globe people are deleveraging to pare down the huge debt load that helped cause the meltdown of 2008 and 2009.
With that in mind you can understand how surprised I was to read this in the latest Aden Forecast:
As you know, interest rates have been near zero in the U.S. for the past seven years. This is totally unprecedented, and it’s not just in the U.S.
In Japan, interest rates have been zero for more than a decade. They’re zero in the Eurozone, and in some cases they’re below zero. That is, you’d have to pay the bank to keep your money there.
The bottom line is… nearly 90% of the developed world is dealing with interest rates at zero. And almost half of all the bonds in the world are now paying less than 1%.
The post The $200 Disaster And Serious Global Economic Repercussions appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/16/the-200-disaster-and-serious-global-economic-repercussions/
