It's nice to know, that after about 9 months PwC one of the big five accounting companies has decided to agree with my comments about Interest Rates and Debt etc.
http://www.telegraph.co.uk/finance/economics/8118467/UKs-total-debt-forecast-to-hit-10-trillion-by-2015.html
However, as with all of these companies they come out with comments late and far in excess of what really happens.
So before you slit your throat, I would sit back and think for yourself.
Personally, I have known it's bad, but not as bad as they say.
The models these companies use, have a certain amount of assumptions in place, but are generally floored for extremes. What they don't take into account are things like conflicts and the need for China to continue to expand and that will mean eventually prices coming down and their use of oil and power.
Also what these models are not saying is that there are cycles, and these are normally 15 years for the trough and 7 years for the peaks. According to many companies we have been in the trough for a while. I still things coming up better at end 2013 and beginning 2014. Until then it will be miserable.
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