Press

Endless Concerns on Global Recovery

Interview by Andrew Shouler (Financial Correspondent) – Gulf News – 25 February 2015

Central bank infusions have pushed the prices of all financial assets, especially risky ones,
and a sustainable recovery cannot be built on more debt

BU-150225-GN-009-DIP-C.pdf

BU-150225-GN-009-DIP-C
Posted by williamw in Interviews

Market failures warrant policy responses

Article published in the Bulletin – OMFIF

Asia’s experience is ripe for study

The Tides of Capital is a must read for policy-makers. It is short, and they have little time. But more importantly, it punches above its weight in identifying the sources of problems faced by governments and central banks and the terrible trade-offs they are commonly confronted with.

The Bulletin – Bill White.pdf

 

Posted by williamw in Articles

System Malfunction

Published in Finance and Development -IMF Publication

The global economy is rife with imbalances that cannot be fixed under the present international monetary (non)system

White PDF4 1-23-15.pdf

White PDF4 1-23-15
Posted by williamw in Articles

Central bank prophet fears QE warfare pushing world financial system out of control

Former BIS chief economist warns that QE in Europe is doomed to failure and may draw the region into deeper difficulties

The economic prophet who foresaw the Lehman crisis with uncanny accuracy is even more worried about the world’s financial system going into 2015.

Beggar-thy-neighbour devaluations are spreading to every region. All the major central banks are stoking asset bubbles deliberately to put off the day of reckoning. This time emerging markets have been drawn into the quagmire as well, corrupted by the leakage from quantitative easing (QE) in the West.

Interview Daily Telegraph_220114.pdf

Interview Daily Telegraph_220114

 

Posted by williamw in Interviews