Tuesday, November 8, 2011

Civilizations of debt

The Western world is indebted beyond their means and has reached a tipping point:

















Click on the above image to get a bigger picture.

Notice that even Germany is heavily indebted. Deleveraging of the above debt the coming years will truly be painful.

Geir Solem

http://www.elliottwavetechnician.blogspot.com/
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