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IPFS News Link • Economy - Economics USA

"This Is A Ticking Timebomb": Here's The Chart That Convinced Albert Edwards That Heli

• arclein

Neither the chart, nor the comment was lost on SocGen's resident bear Albert Edwards, who after living through a harrowing earthquake during his vacation in Jamaica, chimed in on the chart above, writing in his latest Global Strategy Weekly that "this is a ticking timebomb and the chart... is screaming out for attention. The sources of this debt explosion are well known and documented with, for example, the unfunded liability of an aging population boosting Medicare expenses and the off-budget social security deficit spiralling upwards over the forecast period."