Hussman Fund’s John Hussman says that the global economy today is plagued with severe liquidity risks and that “Greece is simply a microcosm of it”.
Multi-Act shares a similar belief that economies across the world are surviving on refinanced debt and staring at massive debt obligations. Hussman warns: “This is not a sustainable dynamic, but an illusory stability that relies on constant accumulation of debt burdens by the middle class, by countries that don’t look like Germany, France, and Finland.”
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