GLOBAL financial crash ‘MONTHS away’: Bubbles are bursting EVERY DAY, warns Yale academic
FINANCIAL bubbles across the globe are imploding and the problem is only set to get worse, an academic from one America’s top universities has warned.
By LANA CLEMENTS
Express.co.uk
Fri, Mar 4, 2016
Prices are falling around the world thanks to the collapse of China’s debt fuelled economic growth and this has triggered a succession of disastrous events that are starting to be realised, according to Vikram Mansharamani, an author and, lecturer at Yale University.
Fears are growing that the world could face a financial crash of unprecedented levels and could even be just six months away.
Bubbles created by the mountain of cheap money made available by low interest rates since the last financial crisis are now starting to burst, said Mr Mansharamani.
He told CNBC: “[The bubbles] are in the process of deflating…It all started with the China investment bubble that has burst and that brought with it commodities and that pushed deflation around the world and those ripples are landing on the shores of countries literally everywhere.”
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