From Gordon T Long, comes the newest in his Tipping Points series of articles in attempting to quantify those events which may be catalysts for an acceleration in the process of global economic breakdown that is slowly taking place in many parts of the world.
Although it is uneven in its dynamics, this breakdown takes many forms as listed in the excerpt below.
The current slow motion, 'eye of the hurricane', economic environment is merely a passing phase, that will yield to a harsher economic environment in the years ahead.
Excerpt: "...A recent Zero Hedge contributing author summarized the current environment nicely: "There is an entrenched insolvency problem in the United States, and a picture is worth a thousand words. Insolvency is not illiquidity; insolvency is about income that can’t service debt burden. Notice where things fall off the cliff: I believe we are getting close to this point. Just need a catalyst. Sequential bond auction failures here, a sovereign default there, massive liquidity drain all around, worse… whatever. The fumes running the engine (QE, or credit easing) are dwindling..."
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