We live in a world full of bubbles. We’ve reported extensively on the stock market bubble, the student loan bubble, and the auto bubble. We even told you about a shoe bubble. Last summer, US Global Investors CEO Frank Holmes called global debt “the mother of all bubbles.”
So what happens when these bubbles start to burst?
In a recent interview, outgoing German Finance Minister Wolfgang Schäuble warned about bubbles and said global debt could set off the next financial crisis.
