I think it all started with the China investment bubble that has burst and that brought with it commodities and that pushed deflation around the world and those ripples are landing on the shore of countries literally everywhere," the high-profile author and academic [Mansharamani] said at the Global Financial Markets Forum in Abu Dhabi.

Price levels are already falling in parts of Europe. Inflation declined by an annualized 0.2 percent in the euro zone in February, according to an estimate from the European Union's statistical body


"I mean, we've got a bubble bursting, I would argue, in Australian housing markets -- that is beginning to crack; South Africa -- the whole economy; Canada -- housing and the economy; Brazil. We can keep going on and on," the academic told CNBC....

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