“The bursting of [this] bubble will be across all countries and all assets, with the probable exception of high-grade bonds,” Grantham warned. “Since no similar global event has occurred before, the stresses to the system are likely to be unexpected. All of this is likely to depress confidence and lower economic activity.”
Related prior coverage in this blog:
The Looting Of America Continues…
When Science And Reality Wave Bye-Bye To One Another…
All That Free Money And I Never Knew The Party Was Going Down Or Even Got An Invite. As Usual!
First Cracks, Then Crumble, Then Crash
The Answer Is Yes
When An Economy Crashes, Baby, There Are No Airbags!
And Then Google’s Stock Finally Thank You Jesus Crashes And Takes The Entire Global Economy Down The Toilet, Thank You Science!
The Road to Great Depression 2.0