When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Saturday, July 19, 2014

Global Economic Crisis, Are We In Trouble?

Increasingly, "yes" is the answer heard -- "A gradual tightening of fiscal policy and structural reforms are desirable to restore fiscal space depleted by the 2008 financial crisis. In brief, now is the time to prepare for the next crisis." -- Kaushik Basu, the World Bank Senior Vice President and Chief Economist

18 Signs That The Global Economic Crisis Is Accelerating As We Enter The Last Half Of 2014 Washington's Blog: "... Most Americans tend to only care about what is happening in the United States, but the truth is that serious economic trouble is erupting in South America, all across Europe and in Asian powerhouses such as China and Japan.  And the endless conflicts in the Middle East could erupt into a major regional war at just about any time.  We live in a world that is becoming increasingly unstable, and people need to understand that the period of relative stability that we are enjoying right now is extremely vulnerable and will not last long.  The following are 18 signs that the global economic crisis is accelerating as we enter the last half of 2014…" (read more at link above)

    

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Financial Crisis - The Telegraph

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