Mish Nightmare Scenario
- Not Addressing the Fiscal Cliff
- Breakup of the Eurozone
- UK exiting the EU
- China Growth falls to Zero Because of Rebalancing
- Currency Crisis in Japan
- Failure to address pension problems in US
- Rise of the Neo-Nazi Golden Dawn Party in Greece Leads to War
I think the fiscal cliff will be addressed but because they are set to expire if nothing is done, we won’t get everything we need to happen done.
The Eurozone collapsing combined with a slowing China and a poorer US consumer will cause a worldwide economic slowdown.