Debt Chairs On The Titanic
The guys over at Hub have a very interesting thought piece over on their site about the possible escalating problem being driven by the ever-increasing debt.
The slowly escalating “problem” in the subprime mortgage market based out of the United States seems to be slowly infecting wider and wider circles, creating a climate of fear not seen since 1997 – the year the Asian Financial Crisis dealt a massive blow to Asia’s developing economies. Except this time the tables are turned, and it seems to be America and Europe in for the sucker punch. Here are the contributing factors to a rapidly interlinking problem, which may or may not be creating a perfect storm, however brief: