There is a euphoria being enjoyed by many in the investment world and in economic circles centered around the notion that the world has recovered from the financial crisis of 2008. Stock markets in the United States have risen to all time highs. Mainstream financial experts imply this is a key indicator of economic growth, improved consumer confidence, and a return to boom times.
But not everyone agrees. Swiss market veteran Egon Von Greyerz suggests that exactly the opposite is the case, noting that the underlying economic fundamentals all over the world are indicative of massive problems from the United States to China.
In an interview with King World News Von Greyerz highlights his reasoning, citing numerous data points that paint a completely different picture from the one being shown to the majority of the world's citizens.