The much-respected Jeremy Warner of the “Daily Telegraph” still holds the view that a financial crash is on the way. The trouble is, he doesn’t know when.
His analysis is persuasive, with the conclusion that “the most likely corrective to bubble-like conditions in asset prices is an American boom, which through higher rates would in turn cause capital flight from the developing world and might therefore also trigger another emerging market crisis.
“Either that, or the now in my view inevitable correction will come from a clear blue sky – a completely unanticipated event.”
So now you know. Be prepared!
Read the full article here
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As Warren Buffett remarked – “There are two kinds of investor. Those who don’t know, and those who don’t know they don’t know”. -Ed