- Skjuler enorme mengder statsgjeld | Nyhetsarkivet | BÝrs og finans | E24
Article is not in English, sorry. Cant find the equivilant English one. This however is a serious scandinavian economics newspaper.
He goes on to talk about how the real debts og governments are even higher than they admit, and that they hide real numbers. The official debt is scarily high, but real numbers are even more scary.Originally Posted by Felix Zulauf
The point of this thread,is that Zulauf is talking about something that is inevitable in all scenarios. That the indebted western governments will have to start taxing more and cutting spendings to avoid a complete economic meltdown. He goes on to mention how states have tried to solve a debt faith crisis by taking on more debt and how this further damages the economies.
He talks about how higher taxes will be detrimental to an already vulnerable position we have with weak economies in financial crisis(which is really just a correction IMO).
Topping this with the end of the stimulous spending will create a situation where the population of the west have to face the reality.
What is your prediction?