A Scan of Critical World Developments
Prelude to the Next Crash?
excesses in credit markets in driving the Great Recession is by now widely acknowledged, the lesson has not been learned. Between 2007 and 2014, global debt increased by another $57 trillion, growing faster than GDP. In the context of a still lax regulatory regime, the current expansion of debt portends a time of financial risk ahead. We may be witnessing the prelude to the next crash.