Overview
Greece isn't the only country drowning in debt. The DebtSupercycle—when the easily managed, decades-long growth ofdebt results in a massive sovereign debt and credit crisis—isaffecting developed countries around the world, including theUnited States. For these countries, there are only two options, andneither is good—restructure the debt or reduce it throughausterity measures. Endgame details the Debt Supercycle andthe sovereign debt crisis, and shows that, while there are no goodchoices, the worst choice would be to ignore the deleveragingresulting from the credit crisis. The book:
- Reveals why the world economy is in for an extended period ofsluggish growth, high unemployment, and volatile markets punctuatedby persistent recessions
- Reviews global markets, trends in population, governmentpolicies, and currencies
Around the world, countries are faced with difficult choices.Endgame provides a framework for making those choices.
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