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totonno
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Developing World Developing Bubbles - John Rubino - Dollar Collapse

Mr Rubino.

It seems that everywhere I turned, I was assaulted by South American resurgence. Even lecturing the US. NOW I see that credit is unsustainable in Brazil and they are heading for a fall. I hope it happens to them before it happens to us.

Commented 4683 days ago

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Beginning of the headline : It's a very thin reed, but some economists and money managers are clinging to the hope that the developing world, having avoided the disastrous borrowing binge of the US, Europe, and Japan, will be the engine of growth in the coming decade.China's reserves and Brazil's natural resources, so goes this reasoning, will stabilize an otherwise unstable financial system while generating lots of new investment opportunities to replace exhausted developed-world stocks and bonds... Read More

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