Will there be another Lehman meltdown?
I believe it is more of a slow depression, with asset class that goes up very high due to gearing, it will deflate when no new credit is created or hard to creat. This is similar to boiling the frog slowly with one or two heart attack in between.
No QE can stop the wave of debt implosion, which is 20 to 50 times larger than the money printed, like a tsunami. The only way is to conserve cash and wait. Property prices or commodities may drop between 20-60%.
But there was a saying in Malaysia, property never drop, based on 30 years history. Well, we will make history just like the American.
