We live in a world full of bubbles. We’ve reported extensively on the stock market bubble, the student loan bubble, and the auto bubble. We even told you about a shoe bubble. Last summer, US Global Investors CEO Frank Holmes called global debt ‘the mother of all bubbles.’
So what happens when these bubbles start to burst?
In a recent interview, outgoing German Finance Minister Wolfgang Schuble warned about bubbles and said global debt could set off the next financial crisis.
The IMF and others agree with us that we are in danger of encouraging new bubbles to form. We have no idea where the next crisis will happen but economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity, and the growth of public and private debt.’
This post was published at Schiffgold on OCTOBER 12, 2017.