In a recent SEEKING ALPHA post, Bruce Wilds echoes concerns about the World Economy and Debt that a former BIS (Bank Of International Settlements) chief raised on Bloomberg:
Former chief economist of the Bank for International Settlements, William White, told Bloomberg TV recently that "the system is dangerously unanchored." This is not the first time White has issued a warning that global financial markets were not on sound footing. Underlining his grave concern, the former chairman of the Economic and Development Review Committee at OECD stated the current situation "looks very similar to 2008." He then added that OECD sees "more dangers" today than in 2007. Even as stock markets across the world continue to set new records and make all-time new highs, we should see this as an acknowledgment all is not well.