Pimco’s El-Erian Sees Synchronized Global Slowdown!
- Global slowdown or global collapse? We will know soon!
“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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