The cascade of financial woes would result rapidly in a worldwide financial crisis. The position is eerily similar to 1997-98, when falling commodity prices, especially oil, a stronger U.S. dollar, rising U.S. interest rates, and emerging-market debt weaknesses led to the Asian monetary crisis, the Russian default, and the collapse of hedge fund Long Term Capital Management. Satyajit Das, MarketWatch Mar 2, 2016 This is the third installment of ‘Crash Course,’ a five-part series from commentator Satyajit Das on threats investors face in the current market climate. Crash Course: Stocks and other investments are wildly overvalued The mispricing of assets across world markets has reached epidemic proportions. Satyajit Das, MarketWatch Feb 25, 2016 Since 2007, no major economies and just five developing economies have reduced the ratio of debt to GDP in the real economy (households, corporations and governments). In contrast, 14 countries have increased their total debt-