By John Mauldin
What is the End Game? It’s the end of the Debt SuperCycle, defined as decades long growth of debt from small and easily-dealt-with levels, to a point where the debt has gotten so out of control it needs to be restructured or reduced.
Greece is a basket case, Ireland on life support, and Japan a bug in search of a windshield. In the times ahead, the global sovereign debt and credit crisis will continue to spread like wildfire. And while no nation, developed or emerging, can escape the pain, the extent of the disaster and how it plays itself out will vary from country to country.
Endgame provides the road map ahead. In this book, the authors:
- Reveal why the world economy is in for a protracted period of slow growth, high unemployment, volatile markets, and persistent recessions.
- Review global markets, country-by-country, detailing population trends, government policies, currency outlooks, and more.
- Offer investors practical advice on how to protect their assets through the worst of it and profit from emerging opportunities.
336 pages. Hardcover. 2011.