Saturday, January 19, 2013

Video: Doug Casey: We are Living in the Middle of the Biggest Bubble in History

In the following video, Goldmoney’s Andy Duncan interviews, one of my favorite investing savant, Doug Casey. 

At the final minutes, Doug Casey predicts that “There will be many bubbles created in the years to come especially bubbles that has been created by trillions of dollars”, which will filter over or permeate to different parts in the economy and to the world.

Importantly Mr. Casey notes (28: 04) "Right now, we are living in the middle of the biggest bubble in history and when this bubble burst it’s going to be a catastrophe for most people"  

[Yes, I agree, all one needs to is to see how bubbles have morphed into a mental pandemic as the public's addiction to artificial booms have seemingly become deeply entrenched. Hardly any thoughts have been given to possible adverse consequences or myriad risks from all the cumulative inflationism and interventionism implemented by global central banks and their respective political authorities, including the BSP and the Philippine government]  
Mr. Casey point outs that bonds are right now at the peak of the bubble cycle (a view which I have been saying) and further predicts a coming bubble on gold stocks, particularly Gold exploration stock. 

Watch the interview.

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