The Financial Crisis of 2015: An Avoidable History
This is a must-read on the forthcoming commodity price bubble burst cum financial crisis. Although the timing of 2015 is debatable, i am anticipating an earlier date.
So as soon as investors start to doubt what constitutes ‘real’ demand for commodities and what’s pure speculation, they’ll head for the exits en masse, which will lead to a collapse in commodity prices, abandoned development projects and bank losses.
“And then we’ll have banks that need to be bailed-out by sovereigns, and sovereigns that need to be bailed out by … well, you get the picture.”
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