Jun 24, 2014
Danielle Park joined us for our bi-weekly chat. We talked extensively about the major malinvestment that has taken place in the QE-inflated world and how Dubai is going bust yet again. Margin debt is near all-time highs and so is world wide debt at 450% of GDP. Liquidation is inevitable and when it happens, look out below. Are those bodies falling from buildings or just defaulted collateralized debt obligations? What difference does it make anyway?