German fiscal bliss: Debt to GDP ratio can fall to 60% this year.
It seems we are headed for a deflationary wave or a wave of hyperinflations. But there is an alternative.
The United States, the UK and Japan have far less government debt than is generally understood.
China’s total debt is now greater than that of the United States, creating uncertainty about its future.
The question is therefore not if, but how the creditors lose their money.