Classic Videos: Niall Ferguson on America's Death Spiral

By: John Rubino | Thu, Jul 8, 2010
Print Email

In this recent CNN interview, Harvard Professor Niall Ferguson predicts that, barring a radical change in policy, "nasty fiscal arithmetic" will send the U.S. into a "death spiral." Some representative quotes:

"Fiscal tightening is baked in the cake. Tax increases are coming and coming soon... The US has a kind of stay of execution while the European crisis unfolds, but at some point the nasty fiscal arithmetic will get everyone, including the U.S... Treasuries are a safe haven the way Pearl Harbor was a safe haven in 1941. It's safe until it's not safe anymore."



John Rubino

Author: John Rubino

John Rubino

John Rubino

John Rubino edits and has authored or co-authored five books, including The Money Bubble: What To Do Before It Pops, Clean Money: Picking Winners in the Green Tech Boom, The Collapse of the Dollar and How to Profit From It, and How to Profit from the Coming Real Estate Bust. After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a currency trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine.

Copyright © 2006-2016 John Rubino

All Images, XHTML Renderings, and Source Code Copyright ©