When In An Inhospitable World Filled With Sharp Barbs, It Might Be Best To Act Like A Hedgehog

BIS tried to warn us.

Rosenberg gave us a head’s up.

Ferguson and Faber sounded the alarm.

Now SocGen’s Edwards and Grice are ringing the bell.

A lot of heavy-hitters are saying that this is not just a problem in Iceland, Dubai or Greece, but the start of sovereign defaults in fiat economies world-wide.

When in inhospitable world filled with sharp barbs, it might be best to act like a hedgehog.

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