Financial markets continue to be driven by the madness of fiscal and monetary policy-makers.

Are we destined for a never-ending series of booms, busts and bubbles?

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In this report you'll find out why:

1. We have to be open to the improbable – i.e. why a break in the EM world, with China being the prime candidate, should not be dismissed.

2. It is still about global rebalancing and self-serving money and credit manipulation is making the world less stable.

3. We see five major bubbles in the world economy; a pop in one likely exacerbates them all.

4. Inflation in the developing world does not mean growth is sustainable, nor does it bode well for global hyperinflation.

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