With the largest financial crisis in living memory behind us, a larger, more pervasive crisis is setting in as governments continue to privatise public gains and nationalise private losses.
Across the globe, public capital and sovereign debt have been used to digest trillions of housing and banking related bad debt... but with what consequences?
Is the economic recovery story still valid? If so, is the sheer scale of debt accrued in the developed world digestible?
Presented to an audience of investors and traders at:
- The World Money Show on 12 November 2011