Are we really ready for this financial storm?

The oil spike is viewed as a consequence of low interest rates and the decline of the dollar, which has ignited a speculative boom in commodity prices, similar to the dot.com bubble which burst in 2000 and the real estate bubble which has been imploding since 2006. This is a highly unstable situation. It has arisen just as inflation has returned with a vengeance to Asian countries such as China and India, the countries which manufacture most of what we buy. Inflation in Vietnam is 25%.

TheHerald