Global Warming And Asset Bubbles

Economic growth over the past century has severly taken a huge toll on world's eco-system and there is no sign of abating this mindless growth which solely considers industrialisation and commercialisation as the only measure of wealth and prosperity. With almost no realisation and remedial measures in place, and with almost zero political will to implement key environment protection methods, eco-system disaster can only degrade to such an extent that almost it's inevitable to see a sharp fall in asset prices which today are totally avoiding any fall out of a huge environment disaster like wiping out of a huge productive population from an entire continent, with crops across the globe not enough to feed all humans, with living conditions detoriating to such an extent that diseases will take a huge toll on working population and many more things which are today un-imaginable. Huge wealth will be destroyed in such disaster and aftermath will be very prolonged.
Therefore plicy makers should listen to experts in ecosystem so that corrective methods can be employed so that future is protected, without which there is no meaning of wealth. But super rich can argue that they can migrate to moon and mars in case earth goes into a turmoil!

Asset Inflation

Due to continous money supply by central banks across major economies, asset prices have reached a point where it looks scary to justify this hightened exhuberance among so called value investors. This continous and extremely fast rise in asset prices is creating an asset bubble, which no body wants to burst, but still fears. The common casualty is layman person, or what economist love to term as Consumer, which bears the brunt of this artificial asset inflation and gets credit at high interest rates to buy that asset! This can't go on for ever, something might topple this top heavy giant from the cliff, what would that be, only time will tell.

Crude Is Boiling

Crude oil prices have surpassed important technical level of U.S.$77.50 per barrel mark today and is a cause for concern as it will along with rising food prices can give further boost to inflation, which has become central point for many central bankers across the world. Growth has not been dominating central banks monetary policy of late as excess liquidity is amply supplying credit to fuel growth, but rather asset inflation, especially food and fuel prices are grabbing their monetary stance.
U.S. markets are feeling pain after subprime mortgage mess and continue to suffer investor apathy. Asian markets are showing great resilience and are very close to their all time heighs.

Reason For This Carnage

Market players always try to find reasons for market falls as and when it happens, this time around excessive credit lending to not--trust-worthy people(having very low credit score) in the sub-prime mortgage market is sited as the main culprit behind steep stock market fall as they have de-faulted on their loan obligation. But i say excessive GREED was, is, and will always be the biggest culprit behind every melt down in the asset prices.