Published on Zero Hedge (http://www.zerohedge.com)
Chris Martenson Warns "Market Risks Today Are Higher than Ever"
By Tyler Durden
Created 03/22/2013 - 17:58
For those still with capital in the paper markets, Peak Prosperity's Chris Martenson believes there are dangerous risks re-building. In particular, he sees an unacceptably high and growing risk of a cascading series of corrections in the bond markets (corporate and sovereign), which would have a much greater impact on destroying wealth worldwide than any stock market crash could. The return of reckless practices like CDOs and overuse of derivatives indicates that we are far along the timeline in repeating a 2008-like contraction -- but worse. Despite today's heady elevated prices, it's time to get to the sidelines, and use your paper - while it still has the purchasing power it does - to park your wealth in hard assets.
Source URL: http://www.zerohedge.com/news/2013-03-22/chris-martenson-warns-market-risks-today-are-higher-ever
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