Pimco's El-Erian Sees Synchronized Global Slowdown!

• Global slowdown or global collapse? We will know soon!
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  “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
  - Ludwig von Mises, Austrian Economist

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