Some of the developed world countries, such as Japan, have been in a dire debt situation. However, Japan (and later Europe) has embarked on the path of devaluation, which inherently relieves the debt burden.
Given my secular bullish view on the global growth, I see a possibility of the developed world growing out of its debt problems. Some of the emerging market countries, including China, might not be able to do so.
CIO, HonTe Investments. Ran global macro at JPM. Yahoo! Finance Contributor. Ph.D. in Mathematics. Author, The Next Perfect Trade. No investment advice.
