Caitlin Long is part of the senior management of Morgan Stanley. She takes a long hard look at the US economy. If you are not that economically minded, you can just read the green strap lines on each page and on page 22 the recommendations as to what you should do with the upcoming mother of all economic corrections, some suggestions you may find beneficial to your private life and wealth management as well.

She shows how the major nations’ inter-indebtedness, and their particular reliance on the US dollar to finance sovereign debt, will more than likely lead to only one policy conclusion: monetise the debt.

Oh happy days. The work is of very good quality, enjoy the read.

Download the report here.