Saxo Bank’s economist writes about an upcoming crisis

3 November 2015
211 Views

Christopher Dembik, Economist of Saxo Bank, claims that a new crisis is coming and explains it in four points:

• Shortening economic cycle means more frequent crises
• ‘Great Divergence’ model saw China assuming the US’ leadership role
• We have likely reached the limits of adjusting monetary policy
• States have compromised a return to growth due to debt

As he explains, “over the last two decades, economic cycles have been shortened due to deregulation, the financialisation of the economy, trade globalisation, and the acceleration of innovation cycles”.

He continues saying that over the last 25 years, “the US economy has experienced three recessions: in 1991, 2001 and 2009” adding that “the outbreak of a new crisis in the coming years is inevitable.”

Read the full article here.

You may be interested

Massive rally for Macedonia in Thessaloniki! Half a million gather
GREECE
shares117 views
GREECE
shares117 views

Massive rally for Macedonia in Thessaloniki! Half a million gather

makis - Jan 21, 2018

At about 3:30 pm, the organisers of the rally announced from the loudspeakers that the participants in the rally are…

FYROM Foreign Minister: We were and will remain Macedonians
GREECE
shares74 views
GREECE
shares74 views

FYROM Foreign Minister: We were and will remain Macedonians

makis - Jan 19, 2018

Foreign Affairs Minister of FYROM Nikola Dimitrov clarified that his country’s interests in the negotiations with Greece over the name…

EuroWorking Group gives “go-ahead” for completion of 3rd review
FINANCE
shares80 views
FINANCE
shares80 views

EuroWorking Group gives “go-ahead” for completion of 3rd review

makis - Jan 19, 2018

The EuroWorking Group (EWG) is expected to issue a positive report for the completion of the third review of the…

Leave a Comment

Your email address will not be published.