Global Financial System Showing Danger Signs


I won’t get in to all of the potentially destabilizing geopolitics around the globe today. There are too many to list. But, we’re entering undiscovered country here.

Joe Kennedy exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good.

Will we ever learn?

Nine years of emergency money has had a string of perverse effects and lured emerging markets into debt dependency, without addressing the structural causes of the global disorder.

via ‘Perfect storm’: Global financial system showing danger signs, says senior OECD economist