‘Perfect Storm’: Global Financial System Showing Danger Signs, Says Senior OECD Economist
via Ambrose Evans-Pritchard The world financial system is as dangerously stretched today as it was at the peak of the last bubblebut this time the authorities are caught in a “policy trap” with few defences left, a veteran central banker has warned. Nine years of emergency money has had a string of perverse effects and lured emerging … Read more