Full blown US/China conflict?
Maybe not that far, but a trade war then?
I can't see much else..
Japan has proven that 200% plus federal debt to GDP, whilst not great for an economy, can be tolerated....
So whilst I think we will have a full blown debt crisis at some point, I think we have enough tools and firepower available to keep kicking that can down the road for a while yet..
So what else do you think?
Friday, 29 May -- Big Green Week, page-7
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