It's a global problemMy Comment: There are serious issues in politics (the US presidential election), geopolitical (two major wars, ME and Ukraine), and economics (decades of artificial stimulation) that have major global impacts. All of these issues could easily cause a major global financial crisis. I think these issues will only get worse going forward. The excerpt below is from this week]s Doug Noland's Credit Bubble Bulletin in which he highlights China's massive economic problems.
Credit Bubble Bulletin Excerpt:
Comments out of Beijing this week suggest additional stimulus will be forthcoming. Perhaps this helps explain this week’s pop in industrial metals prices. Whether Chinese officials realize it yet or not, holding financial and economic collapse at bay will require massive inflation of government debt and PBOC holdings. Other countries share a similar fate. Little wonder Gold closed Friday trading at a record $2,508.