Japan, Europe, and the U.S. will be hit by severe deflation in that order due to each country's debt.
With so many potential global land mines it is easy to imagine a major correction sometime this year.
Any major correction will sober investors up and they aren't going to like what they see.
The bottom line is Debt matters and creating more debt debilitates the global economy.
It will be very interesting to see how this unfolds and what will cause the next major correction which is long overdue.
A crash may be more accurate than correction.
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