THREE DECADES OF PHONY MATH
So over three decades South Korea consumers have wracked up one trillion dollar in house hold debt. This is a ratio ton of debt for Korean every day folks. Said another way consumer debt in South Korea now totals 160 % of household income. Hows that ok? They don’t expect a financial crash from this debt ratio.
Hey. As an investment banker economist I expect a financial crash from this unsustainable DEBT BOMB. Economies that buy stability through insane debt create a future of Super Crash and decades of financial pain.
Real economics always run the future. You can not cheat economics forever. Read Naomi Kliens SHOCK DOCTRINE and you’ll see the failed models and the failed plans to fix the failed models. Naomi defines economic insanity of nations.
South Korea – your toast. Contagion is an equal opportunity panic and market crasher.
Berny Dohrmann – Dad trained you all to be better than this….