According to Yale’s Vikram Mansharamani, the global economic collapse is just months away despite the fact that mainstream pundits are discounting even a slight recession, much less a financial crash. And at the heart of his analysis is the fact that the credit bubble that has been fueled by central banks over the past several years has finally reached a peak where nearly everything is artificially inflated, and the point of no return has been already crossed.
FINANCIAL bubbles across the globe are imploding and the problem is only set to get worse... 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.
Mr Mansharamani added: “We’ve got a bubble bursting, I would argue, in Australian housing markets — that is beginning to crack; South Africa — the whole economy; Canada — housing and the economy; Brazil. We can keep going on and on.” - London Express