The U.S., The Cleanest Dirty Shirt, But For How Long?
- The unprecedented leveraging up of the world economy is unsustainable and threatens to unravel or at least produce protracted slow growth in the world economy.
- The resulting deleveraging is also rendering monetary policy ineffective.
- As one of very few countries, the US has managed to deleverage at least to some extent, and relatively painless.
- But the US is merely the cleanest dirty shirt around, and not immune from the deleveraging elsewhere in the world.
The U.S., The Cleanest Dirty Shirt, But For How Long? | Seeking Alpha
Tags: Economy · The Markets