"This Time, It Is Not The Usual Suspects Such As Brazil And Mexico Who Are In the Worst Positions. Instead, It Is the Industrialized Nations"

George Washington's picture

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Carl Marks's picture

"This is the way the fucking world ends! Look at this fucking shit we're in, man! Not with a bang, but with a whimper. And with a whimper, I'm fucking splitting, Jack."

trav777's picture

Well, Mexico is in a HORRID position; they peaked in 2004 and now appear to be sliding into chaos.  Brazil is nowhere near that.

Meanwhile, nonproducing nations whose middle classes have massive McMansions and hugely consumptive lifestyles...that's another story.

Anonymous's picture

Mexico peaked in 2004?

What do you mean by that? Their total outstanding debt peaked? Their currency peaked vs USD? Their emigration rate peaked? Their drugs smuggled by weight peaked? The number of arts and crafts festivals held annually peaked?

"Meanwhile, nonproducing nations whose middle classes have massive McMansions and hugely consumptive lifestyles...that's another story."

You didn't tell one story, why are you bringing up another one?

Anonymous's picture

Gimme a J
Gimme an A
Gimme a P
Gimme another A
Gimme an N

What's it spell? DEFAULT!

Anonymous's picture

I wonder how much money you would have lost if you had spent the last 20 years betting on Japan defaulting. Heck, even the last decade would have rolled off some serious dough.