There Is A Radical "Fix" To Eliminate The Debt... Unfortunately It Will Never Work

By Eric Peters, CIO of One River Asset Management

Debt Trap

“Are bond vigilantes back?” asked my favorite strategist, the two of us looking out over the horizon. “Surging real yields in Japan and the US wave a red flag. There’s simply too much debt,” he continued. When a government issues bonds, it stakes a claim on future national income. “No country borrowing in its own currency will default -