Wilbur Ross,a smart guy great investor,know for turnarounds,picking dogs and making them bark.He looks for distress asset,on Fox Business News ask it's tough to find distress assets today.He said,until 2016 and all the way to 2020 then much debt comes due for companies.
On Bloomberg T.V today the chief economist for IMF was interviewed.Said something interest about Japan,said Japan is using fiscal policy and export to boost economy,however,that will only take you so far consumption must go up,curious because Japan has just raise it's V.A.T Tax from 5% to 8%.
Turkey and Indonesia could problem child for world economy.Russian growth may be less than one percent,Putin looked East and now people will pay the price.China may not reach 7% growth and people don;t trust there numbers anyway.
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