For the last four years, the US Fed Fund Rate has been essentially zero,
and we have a massive money-printing, monetary inflation that creates a
huge pool of liquidity.
Basically, what we have seen in the world are the consequences of the
crisis the US and world faced in 2008-09 caused by excessive debts
brought about by artificially low interest rates.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.