When Will the Next Financial Crisis Start?

The question is not "if" but "when" the next financial crisis will hit. The 2007 crisis has still not ended. The quantitative easing initiatives of many countries have not had the desired effect of inducing liquidity. Instead, quantitative easing has financed the mopping up of the safest financial assets— including sovereign bonds—by central banks and several banks, effectively leading to another market liquidity crisis.