Threat of instability and recession in emerging economies, and legacy of debt and disharmony in eurozone among ‘triad of risks’ outlined in stability report The risk of a global financial crash has increased because a slowdown in China and decline in world trade are undermining the stability of highly indebted emerging economies, according to the
October 2017, after the crash: George Osborne wonders what went wrong The chancellor might have looked in control in 2015, but the UK was badly exposed as the global economy faltered October 2017: just hours to go, and still the words wouldn’t come. Other conference speeches had been straightforward. A few easy gags about the
There are a lot of doom-and-gloom messages going around at the moment – it’s hard to know which to believe. Here’s a smorgasbord of articles that caught my eye, though they’re only a small selection of what’s out there. Biosphere collapse: the biggest economic bubble ever Worried about debt, defaults and deficits? Save up
An amusing article from December 2011 – I suspect more families are stocking up now. Picture the scene: It’s the end of January 2012 and already it is clear the year to come will make that which has just passed seem something of a picnic. The last strains of Auld Lang Syne had barely faded
We are now far advanced into the third central bank generated bubble of the last two decades, but our monetary politburo has taken no notice whatsoever of its self-evident leading wave. Namely, the massive malinvestments and debt mania in the shale patch. Call them monetary bourbons. It is no exaggeration to say that inhabitants of
A downturn may be in the cards before the decade is out Some advice for President Barack Obama’s successor: bring a plan to fight the next recession. That’s one conclusion drawn from a survey of economists Sept. 4-9, where the median forecast of 31 respondents has the next downturn occurring in 2018. Assuming the collective
