The End Of Economy As We Know It

In Europe, we are now getting used to read about the Euro crisis, and the fiscal cliff in the US has a view that would make Grand Canyon full of envy. During the last ten years, central banks have expanded their balance sheets from 3 to 13 trillions dollars. But one country could be even worse off and that is Japan. During 2011 sales of adault diapers exceeded those for babies for the first time. With a debt level that would make the greek economy look really well managed, the rate of birth vs the number of senior citizens, the equation is hard to solve:

Kyle Bass

o

The End Of Economy As We Know It