Greyerz – The World Is About To Face Another Lehman Moment

Monday, July 2, 2018
By Paul Martin

KingWorldNews.com
July 01, 2018

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that the world is about to face another Lehman moment.

So Many Catalysts Could Shake The World Economy
July 1 (King World News) – Egon von Greyerz: “Can investors really be that wrong? Today global risk is greater than at any time in history, and at the same time, the great majority of investors show no fear at all. There are so many potential catalysts that could shake the world economy out of its sweet dreams into a living nightmare. It is impossible to forecast where the trigger will come from. It could be a debt collapse in Japan, China, USA, Eurozone or emerging markets. Or it could be a currency collapse in any of those regions. Or it could be a stock market collapse, or it could be …, or it could be …

Egon von Greyerz continues: “Many stock markets around the world are at all time highs. But there is no fear and no serious selling. Any slight decline is treated as a buying opportunity. The S&P is up 4x since 2009 but that does not make investors nervous. That markets have been fueled by dangerous and unsustainable credit expansion does not concern investors either. Not even the fact that global debt has doubled since 2006. But change starts in the periphery where very few are looking. Look at China, where the Shanghai composite is down 22% in 2018. And look at Brazil, where the Bovespa is off 17% so far this year and Turkey, which has lost 20%.

The Rest…HERE

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