1999 was a "Stock Bubble" created by an expansion of financial assets.
2009 was a "Real-Estate Bubble" created by an expansion of the money supply from the worlds central banks and their cheap money.
At some point, maybe 2019, we will see the culmination of the "Everything Bubble" created by the worlds central banks and their flooding of all markets with cheap money. The true consequences of quantitative easing or money printing have yet to be felt by the world's economies.
A lot of commentators and analysts say that crypto currencies and gold are in bubbles. Well, if they are, I don't know what that says about the rest of the worlds markets.
On top of global debt, add the estimated $1 quadrillion+ global derivatives market and its easy to see where the true bubbles are at. It keeps the size of the crypto bubble in perspective. The cryptocurrency market is certainly one of the fastest-growing asset classes in the world. But to keep it all in perspective, the entire crypto market is worth only a tiny fraction of the gold market, which is itself only worth about 10% of the entire world’s stock markets.
Meanwhile, the massive global real-estate market is valued at $217 trillion, which is still less than the largest single type of market: debt. The global debt market is valued at $247 trillion.
As these markets begin to implode, the residual capital has to go somewhere in a flight to safety. Theres only several places it can go....destroyed, cash, precious metals, and maybe crypto although its an asset that has never truly gone through a full credit cycle and its violent swings make me doubtful it is a safe haven. Its just too new and untested.
I am Lord and I have Stackitis...but there are worse problems to have in life. Like an endless stream of debt and speculation.
To invest in Mene24k Gold Jewelry click Here
To open your own BitShares account, click Here
To open your own Binance account, click Here