Quote:
Originally Posted by xelasnave
All I am saying the bubble thing is always with us but its different to anything I have seen and my experience covers fifty years.
Alex
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It does look and feel different this time and I think the reason behind that is the degree to which governments and central banks of the developed world have stimulated their economies. Recessions have been banned for the last few decades with governments favouring soaring debt levels as the way to prosperity. I don't know how long they can keep it up but history suggests we face tough times down the road. All that debt has to be repaid, defaulted on or inflated away.