The document provides an analysis of credit and asset prices from 2011 to 2014, focusing on financial cycles, public debt development, and investment forecasts. It highlights the upswing in financial cycles in China, Brazil, and the United States, and discusses the implications of rising public debt on fiscal policy. The document includes a tabular representation of credit and asset prices in various countries and forecasts for Germany's 10-year Bunds and the Eurozone refinancing rate.
documents/EFTA01457959.pdf
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