2018/09/13: The current global expansion will likely continue into next year, given that the US is running large fiscal deficits, China is pursuing loose fiscal and credit policies, and Europe remains on a recovery path.
But by 2020, the conditions will be ripe for a financial crisis, followed by a global recession. There are 10 reasons for this.
Come 2020, the stage will be set for another downturn and, unlike in 2008, governments will lack the policy tools to manage it.
The space for fiscal stimulus is already limited by massive public debt. The possibility for more unconventional monetary policies will be limited by bloated balance sheets and the lack of headroom to cut policy rates. And financial-sector bailouts will be intolerable in countries with resurgent populist movements and near-insolvent governments.
Everything I do seems to have a sequel. It's funny how life can be like that. I really felt that some points needed to be addressed, however. There are a lot of misconceptions surrounding the Unseen Poor. Let's kick back with a cuppa and have a chat about a few of them, shall we? Make yourself comfortable
This is a post about a subject very close to home. My home. It is about politicians who wouldn't know poverty if it chewed on their overpaid arses. It's about, in part, Jamie Oliver. Now, to put this out there, I love Jamie. For years and years, I idolised the man. He taught me to cook, when I
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Three gaps in Europe constitute a complex economic crisis, namely gaps between citizens and politicians; rich and poor countries; and citizens themselves.
David Frum says it's no time to be celebrating an economic rebound. Another recession could arrive before we've put everyone back to work, he says.
With a Eurozone record of 27 percent of Greeks unemployed, people are taking a pro-active approach to the crisis. Activists from the 'We Won't Pay' movement, which boasts 10,000 members, are illegally reconnecting power to hundreds of homes.
What should retiring baby boomers do with the companies they have built up? Sell to their employees.
A new paper by NASA's James Hansen suggests that immediate and drastic declines (ca. 6% annual) in industrial CO2 emissions are required to avoid catastrophic climatic destabilization. As no realistic political solution exists for such immediate CO2 reduction, prospects for a livable future have now become dependent on a single back-breaking option: rapid global economic collapse. And in 'Deus ex machina' style, we may get it just in time.
In September 2008 the sudden collapse of the investment banking sector in the US would propel much of the world - especially Western economies - into the worst economic recession since the Great Depression
When I entered the industry, we were staying in French chateaus. Now, companies are struggling to stay alive