One of the questions I am asked most frequently in my global travels is what will be the cause of the next financial crisis. This question is asked by those who understand that this crisis is coming but want to pin down the date or a specific turn of events that will help them
When the trade wars erupted in early 2018 (after threats by Trump and others as early as 2015), I said that the trade wars would be long-lasting and difficult to resolve and would have significant negative economic impacts. Wall Street took the opposite view and estimated that the trade war threats were mostly for
We’ve written for months about how warnings of economic collapse are no longer confined to the fringes of economic analysis but are now coming from major financial institutions and prominent economists, academics and wealth managers. The latest warning comes from one of the world’s most famous economists, Ken Rogoff, a professor of economics at
In 2017, the financial world was filled with talk of synchronized sustainable growth in major economies for the first time since before the 2008 global financial crisis. This was being proclaimed by global financial elites including Christine Lagarde, head of the IMF. Now that vision is in ashes. As reported in this article, growth is
The recent Federal Open Market Committee (FOMC) meeting of Federal Reserve officials made it clear that the Fed is determined to stay on its course of raising rates until the official policy rate reaches 4% in early 2020. As this article shows, the Fed continues to see strong growth and expects inflation, based on the lowest
