Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

LVMH CEO Warns “Economic Crisis Is Unavoidable”

Courtesy of ZeroHedge. View original post here.

While hopeful about the future for France following Macron’s election victory and “optimistic” about the longer-term future, luxury tycoon Bernard Arnault warned that business is in a “very strange period” due to low and negative interest rates and “companies like LVMH are paid to borrow money, which is dangerous.”

A financial crisis could be just around the corner, according to the chief executive of LVMH, who has described the global economic outlook as “scary”.

“For the economic climate, the present situation is…mid-term scary,” Bernard Arnault told CNBC Thursday.

“I don’t think we will be able to globally avoid a crisis when I see the interest rates so low, when I see the amounts of money flowing into the world, when I see the stock prices which are much too high, I think a bubble is building and this bubble, one day, will explode.”

Additionally Arnault spoke to Bloomberg TV interview on sidelines of Vivatech fair in Paris.

Arnault said that experience has taught him to expect a financial crisis roughly every 10 years…

“There has not been a big crisis for almost ten years now and since I’ve had a business I have seen crises more than every ten years, so be careful.”

“There’s a lot of money in the market. Bubbles are building up and at some point they’ll explode.”

Longer term, however, Arnault said he was “optimistic”, pointing to advances in technology and innovation, which he said would stimulate the economy.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!