The Next Bubble…

"Hopefully, this bubble doesn’t pop. Hopefully it just slowly deflates. Still, I fear there is no escaping major wealth destruction even from these levels as investors everywhere rush to exit all their investments. What do they do with the money? Much of it may be taken from them involuntarily as banks implode and their deposits disappear. In the meantime, they’ll try to get as much cash out as possible amidst a global bank run."