Financial crisis is "certain"

luvpump

http://www.theguardian.com/business/2016/feb/28/mervyn-king-new-financial-crisis-is-certain-without-reform-of-banks

"Another crisis is certain, and the failure…to tackle the disequilibrium in the world economy makes it likely that it will come sooner rather than later"
You have been warned ..

Thrugelmir

Hasn't said this elsewhere other than in his book.

mwpt

Well, another financial crisis is certain. That is pretty easy to predict. When?

Thrugelmir

When the Chinese are finally forced to bail out their banks.

purch

luvpump wrote: »

You have been warned ..

Yes, we frequently are.

Although on this forum the warnings appear far more frequently than out in the "real" world

Generali

purch wrote: »

Yes, we frequently are.

Although on this forum the warnings appear far more frequently than out in the "real" world

The forum that predicted 120 the last 1 financial crises.

kaflinkle

There will be another financial crisis, that much is certain. It's just a matter of when and at what severity. It'll be the same outcome, bailouts, companies going bankrupt, people losing their homes/money, etc.

I don't mean to sound flippant but I'm old enough to have seen a few of these now and no doubt I'll see a few more.

wymondham

Financial Crises are no longer allowed or permitted .... remember - happy happy happy - we're living the dream!

luvpump

http://www.telegraph.co.uk/business/2016/03/02/recession-will-lead-to-eurozone-collapse-warns-french-bank/

westernpromise

By definition, the next recession is always approaching.

Dandytf

luvpump wrote: »

http://www.theguardian.com/business/2016/feb/28/mervyn-king-new-financial-crisis-is-certain-without-reform-of-banks

"Another crisis is certain, and the failure…to tackle the disequilibrium in the world economy makes it likely that it will come sooner rather than later"
You have been warned ..

Looking forward to reading Mervin's book from tomorrow.