To continue...

Global condition is not optimistic. As I have said, despite money printing from USA and Japan, total money in circulation worldwide is actually decreasing because of the decreasing measures of the Europe's ECB and China. You can check the European central bank and China central bank for data. Their balance sheet has decreased in aggregate more than the increase injected by USA and China. Beside that, what the politicians are doing are mostly deflationary and destructive and do not bode well for the next few years.

Treasury bonds has crashed last month and cause the yield to rise sharply. This are advance indicator for the global interest rate. Property in many emerging markets have already reacted and have moved down indicating a reversing trend.

Global sovereign debt crisis in 2015 is in the card.