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The Largest Bubble In History Is About To Burst

Economist Doug Kass explains in unequivocal terms why exactly the global bubble is about to burst, and why it will be so much worse than in '08.  The bubble this time is more than five times larger than the previous one:

'08:


$1.3 trillion - size of subprime-mortgage bubble

$182 trillion - size of global derivatives

$8 trillion - size of U.S. government debt

$800 billion - size of Fed's balance sheet




'16:


$7 trillion - size of global sovereign debt bubble (over 5.3x larger than '08 subprime bubble)

$500 trillion - size of global derivatives

$19 trillion - size of U.S. government debt (over 2.3x larger than in '08)

$5 trillion - size of Fed's balance sheet (over 6x larger than in '08)







This is going to make '08, and perhaps even '29, look like a picnic.  And with global interest rates at historic lows, even in unprecedented negative territory, central banks simply have no options left.

Next stop: The black horsemen of the apocalypse (Revelation 6:5-6) and the Mark of the Beast (Revelation 13:16-17).

MARANATHA!

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