As an Economist, in my opinion,
the surest way to accurately predict that there will be another world financial crisis is to tell the world that there will be a new world financial crisis.
Too many "investors" are trying to conjure up "paper" profits by short term investment holdings aimed at selling for more than purchased. But there has to be someone else willing to buy (usually with a similar intention).
This leads to people paying more for it than a security is worth in "true" value. (asset backing)
This is pyramid building.
And they all collapse some day!
Rumours of a new GFC will therefore panic the investor and hasten a sell off to minimise loss.
|