Remember, Tulip bulbs were up. Until they weren’t.
The doom and gloomers are right. It’s just that their timing is bad. Bill Bonner kind of mocks himself when he gets on this. He says it’s definitely coming, and should already have been here, but he underestimated their ability to keep kicking the can down the road.
It will happen, probably VERY soon, but they will do everything possible to stop it until it is out of their control. It’s inevitable. What is going on can only be “voluntarily” stopped by HUGE austerity measures, which would be catastrophic for world economies and, frankly, the very life of hundreds of millions of human beings.
Or we can take the non-voluntary out, which will lead to a hot WWIII.
Rock, meet hard place.
“Or we can take the non-voluntary out, which will lead to a hot WWIII.”
What is your analysis to WWIII?
The tulip bubble did not lead to war.
Most bubbles do not lead to war.