14 Feb 2013

'US heading for Greece-style debt crisis' - Marco Pietropoli with Rollin Amore and Karl Denninger

An analyst says the US is heading toward a Greece-style debt crisis in a few years with its current economic policies. The comments come as new figures released by the official Bureau of Economic Analysis reveals that the US economy shrank at an annual rate of 0.1 percent in the last quarter of 2012.
This is while Wall Street analysts expressed shock over the report since they were expecting a growth of more than one percentage point.

Press TV has talked with Marco Pietropoli, an economist from RM Wealth Management from London. He is joined by two additional guests on Press TV's The Debate program: Rollin Amore, a financial advisor, from Washington D.C., and Karl Denninger, the founder of Markettocker.com, from Florida. Source

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