7 October 2018

Bad Financial Moon Rising

In this article, published by Project Syndicate, Bill White lays out his reasons for believing that a forthcoming financial crash and subsequent global recession might be even more serious than the one that began in 2008. One important factor is that governments have a much reduced capacity to repond as well as a much reduced willingness to do so in a cooperative way. If rising nationalist tendencies impede collective policy action, which then leads to a worsening economic situation and still more nationalism,  we would be on “an old, familiar, and extremely dangerous path”.

Bad Financial Moon Rising

https://www.project-syndicate.org/commentary/global-economy-weak-fundamentals-by-william-white-2018-10