Von Greyerz: The Icarus Wax Of The Everything Bubble Is Melting
Authored by Egon von Greyerz via GoldSwitzerland.com,
When will the wax melt that holds up the global economy? Hubris is driving humans and markets ever higher and closer to the sun. The higher everything goes, the greater the risk that the wax melts and the wings that are supporting the global economy just fall off and everything crashes to the ground.