Is the world hurtling towards the next financial crisis?
The global rally in financial assets spread to commodities and crypto-currencies. Emerging Markets like Turkey too benefited from the greed and short-sightedness of humanity. Before every financial crisis you hear two loud rallying cries. First “This time is different”. Second, “It is a Brave New World out there!”. But, all bubbles are the same. They either deflate quietly or burst in a loud bang which brings down fame, fortunes and institutions. In this video Real Turkey host Atilla Yesilada explains the global debt mountain, and how it can become unsustainable. He points to May-June as the most critical period in 2021, when investors perceptions and risk appetite will be challenged severely.
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