Leadership

The world is still addicted to debt. Global debt levels show no sign of fading - despite promises made after the financial crisis to reduce borrowing. A new report by McKinsey shows governments, households, companies and banks owe $57 trillion more than they did in 2007, or 17 per cent of GDP. Ireland, Singapore, Greece, Portugal and China have seen their debts grow the most - while only five of the big economies managed to reduce their debt burden. "That has to be concerning, because excessive levels of debt were identified as one of the main causes of the last crisis." - Edward Hadas , Reuters' economics editor Governments have borrowed heavily to fund bailouts and help boost demand in the recession. Household debt too has risen. McKinsey warns seven countries may face 'potential vulnerabilities'- because of it. It's also a concern in China, where almost half of household debt is linked to real estate. Since 2007, borrowing in China has quadrupl...

Introduction So many of the exact same patterns that preceded the great financial collapse of 2008 are happening again right before our very eyes, history accurately appears to be repeating. The media and global politicians are promising people that everything is going to be okay somehow, and that seems to be good enough for most people. But the SIGNS that another MASSIVE FINANCIAL CRISIS is on the horizon ARE EVERYWHERE . All you have to do is open up your eyes and look at them. Bill Gross - an American financial manager and author who is considered by many to be the number one authority on government bonds on the entire planet says in his latest J anuary Investment Outlook : “When the year is done (i.e., 2014), there will be minus signs in front of returns for many asset classes. The good times are over.” The question arises to me that, why Gross and other financial experts being “so negative” right now? The answer is, they are able to see the same patterns that the...