A Savings glut

There's a theory out there (can't remember who came up with it) - the problem with the world is not too much debt but rather too much savings. Because of the Chinese one-child policy, China's Seniors have saved like crazy. (The thinking goes since you won't have enough children to take care of you - you need to save). All these savings need to find a home, hence the financial engineering to create new products to capture these savings.

Which of course means that with ample supply of debt - consumers, corporations and investors go on a buying binge. Guess what happens when the binge ends? I doubt the saver is going to be immune from the after-effects.