The New CS Board

[jumanji0881]

LVMH CEO Warns "Economic Crisis Is Unavoidable"LVMH CEO Warns "Economic Crisis Is Unavoidable" : http://www.zerohedge.com/news/2017-06-16/lvmh-ceo-warns-economic-crisis-unavoidable

My comment: A global economic crisis is inevitable. The CBs will resist it with more and more QE, but they are already overextended. Watch gold when that happens.

Excerpts:
"For the economic climate, the present situation is...mid-term scary," Bernard Arnault told CNBC Thursday.

"I don't think we will be able to globally avoid a crisis when I see the interest rates so low, when I see the amounts of money flowing into the world, when I see the stock prices which are much too high, I think a bubble is building and this bubble, one day, will explode.

"There has not been a big crisis for almost ten years now and since I've had a business I have seen crises more than every ten years, so be careful."

"There’s a lot of money in the market. Bubbles are building up and at some point they’ll explode."