The global economy is straining under the weight of more than just public sector debt. In the developed world, consumers, financial institutions, and other corporations have each accumulated unprecedented levels of debt -- and how that total debt is managed will ultimately determine the economic fate of the global economy going forward.
The Wine Economist reports that Australia’s overproduction of wine has reached a crisis point: Australia has an accumulated surplus of 100 million cases of wine that will double in the next two years if current trends continue, according to the report. The annual surplus is huge – equal to all UK export sales and there [...]
