Over the years, I have found that Egon von Greyerz has enjoyed the respect & admiration of many economic strategists all over the world, which is one reason that I was delighted, when he gave me permission to republish his occasional thoughts and comments several years ago. The below is a MUST READ!
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The Real State of the World Economy Is Dire
We are now back to the “green shoots” era of false hope and total misunderstanding of the real state of the world economy. There are minor tidbits of good news that combined with manipulated and seasonally adjusted economic figures are giving politicians worldwide reason for spreading their optimistic gospel of recovery that has nothing to do with reality.
- A world based on debt
- Europe a hopeless case
- US debt will sink the world
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