World stock markets ‘heading for SECOND global crash WORSE than Lehman Brothers’
THE world is on the cusp of the worst financial crash since the global economy went into meltdown in 2008, experts have warned.
By Martin Coulter
DailyStar.co.uk
September 2018
The warning comes ten years since the collapse of Lehman Brothers – a major finance firm that’s decline signalled years of global panic.
A fatal combination of “record-high debt, risky corporate bonds, and inflated share prices” could bring the world to its knees, they say.
Economist and stockbroker James Stack, 66, was one of the few to predict the 2008 crash almost three years ahead.
He believes another crash is just around the corner: “It is 2005 all over again in terms of the valuation extreme, the psychological excess and the denial.
“People don’t believe housing is in a bubble and don’t want to hear talk about prices being a little bit bubblish.
“If we see mortgage rates at more historical levels, house prices can’t stay where they are.”
And German economist Professor Max Otte backs his claims – saying the next crash could be even worse than the Lehman Brothers disaster.
He said: “In 2008/09, there was a mixture of a bubble unloading especially on the property markets and over-indebtedness in a very fierce but relatively short blow.
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