John Mauldin and Jim Rickards discuss looming debt crisis and fiscal abyss!
Is Europe on a “choose your own disaster” track? Guest co-host Jim Rickards from Tangent Capital Partners and John Mauldin, president of Millennium Wave Advisors, discuss Europe’s fiscal future. How long does the US have until the national debt becomes the next global crisis? We consider the fiscal cliff and how this political storm might play out. And while we deride the Fed for launching QE3, Japan has launched QE8. This is the eighth round of easing as Japan’s 20-year slump drags on. QE and the risk of inflation, interest rate dislocation and the big bang!