Global Crisis

World Stock Markets: Bubble about to Burst says expert.

F281F1ED-0C5A-40FD-B4EB-F282653518A7.jpegExperts have warned that disproportionate valuations could see stock markets plummet. Paul Gambles, Managing Director of MBMG Group, said following the 2008 financial crisis, global central banks pumped trillions of dollars into the economy to boost lending and encourage growth. This has led to a significant increase in stock prices, taking global stock markets to the brink of bursting. Mr Gambles said: “We had a policy response to the global financial crisis (and) at that point stocks were cheap and they had an enormous tailwind behind them in terms of fiscal support…..More