Financial trouble

Slow down - CNN

Implosion - CNN

"The world economy is sailing across the ocean without any lifeboats to use in case of emergency," says HSBC chief economist Stephen King (no relation to the novelist).

In a grim, 17-page report titled "The world economy's titanic problem," King argues that government deficits are too large and debt levels too high, putting the U.S. on track to hit another recession.

In what has become my mantra, I'll simply say "Unsustainable".

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