Wednesday, July 5, 2017

Invest in equities but beware of an even bigger financial crisis

I don't rely on Central Bank forecasts. 

I'm 71 and for sure in my lifetime, unless I have an accident tomorrow, I will see another financial crisis and a massive one.

All I want to say is, we have a colossal credit bubble in the world. Can it expand? Yes, but it cannot expand forever. One day there will be a limit and one day there will be another huge crisis because the debt level today is higher than it was in 2007.