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Recent Posts

Economic Rock Star Mish Calls for a Debt Deflationary Crash

July 5, 2012 — “I’m calling for a debt deflationary crash,” says Mish Shedlock, Sr. Editor and Founder of Global Economic Trend Analysis (GlobalEconomicAnalysis.blogspot.ca). In this video, Mish talks with Tracy Weslosky, Publisher of ProEdgeWire (ProEdgeWire.com) about timely factors affecting the US economy and explains term debt deflationary crash. Mish also talks about why Stockton, California recently filed for bankruptcy. Highlighting the city’s unpaid liabilities, Mish says, “The largest bankruptcy ever and it all came about because of promises made to political unions.” Mish says investors are “ignoring the collapse in credit which is actually what is driving the economy.” Investors also learn about fiat credit-based financial systems. With economic uncertainty, debt and banks more conservative than ever, Mish also gives his outlook on the gold [...]