With Oil prices going down south and other commodities soon to follow.
It's going to be worse than than the 2008 crisis.
We never got out of the last financial crisis and this time it's going to have some huge implifications we never seen before.
Saudia will be ok for max 3-4 years, before all foreign reserves will be eaten up by the huge budget deficit. Need 100 dollars a barrel to keep this party going!
China have been manipulating growth figures for years like rest of the world,but it's catching up with everyone else soon. China's stocks crashing and currency getting devalued. Big currency war going everywhere around the world.
All this money printing and low interest rates is going to to come back and bite big time. Economics is like a cycle and usually every 7 years we have a recession,and I believe come Sep 2015 we will see lots of crashes in the stock market and finally the housing market will burst.
I just hope it doesn't look this bleak but I am afraid we have a met a dead end,and the biggest financial Institutions have no ammunition left to play with.
Interest rate at Zero for 7 years and all the money printing and still we have no growth...........Welcome to the modern day of slavery.
Buckle up its going to get ugly.