MAY 26, 2008 - The Next Bubble is must reading for anyone hoping to understand what's happening (and what's about to happen) in the world financial system. My own 2008 World Forecast Highlights presents a perspective on these things, informed by astrology and history. The Next Bubble deals with the same subject, but from Eric Janszen's insider's perspective on finance capitalism as a financier. There are parallels between the two perspectives, particularly with reference to the Bretton Woods arrangement in the 1940s, the US gold default in the 1970s, and more. Janszen foresees a successor bubble ("asset price hyperinflation") to the current real estate bubble, "for without them the economy of the United States can no longer function." He's right, but that begs the question. (Because a junkie cannot function without heroin, does it follow that he'll never stop shooting up?) For the reasons why, and for a chance to get in on the ground floor of the next money mania, don't miss The Next Bubble: to date, it's definitely one of the dozen or so must-read articles of the year.
