Global Debt Soars to $169 Trillion: Will We Ever Learn?

Global Debt Soars to $169 Trillion: Will We Ever Learn?

Ten years have passed since the 2008 subprime mortgage crisis. It was the worst financial panic since the Great Depression. Now it seems that some of the lessons learned back then are being forgotten. Growing debt burdens in emerging markets are igniting new fears of a crisis that could shake economies everywhere. … Read more

Is the World Economy Trapped in a “Death Spiral”?

Is the World Economy Trapped in a “Death Spiral”?

Everybody is looking for ways to describe the dire state of the world economy. Some have used Crisis with a capital C, a sinking Titanic or a perfect storm. These are all dramatic expressions to describe a very serious situation. However, the latest metaphor being used is even more dramatic. Leading economists … Read more