Mar 012010
Asia: healthy inflation, due to incomes growth
West: unhealthy deflation, due to debt deflation
Chris Wood, author of GREED & Fear and strategist at CLSA provides a dire outlook on the Western world:
“My view is that there is an inevitable endgame as a result of all this massive spending of taxpayer money in the West and Japan to bail out bankrupt banking systems, so in my view unfortunately the end game will be systemic government debt crisis in the western world.”
