“The vast majority of debt in today’s world will be defaulted on, according to Philippa Malmgren, president and founder of London based Principalis Asset Management.  Speaking at the Irish Funds Industry Association’s 2012 Annual Global Funds Conference 2012 in Dublin yesterday, Malmgren, who, among many other roles, has served as a financial markets adviser in the White House, explained that there were a number of ways in which governments are likely to default over the next decade.”

http://www.economicpolicyjournal.com/2012/09/major-insider-vast-majority-of-global.html

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