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TOPIC: Next global financial crisis to hit with a 'vengeance', warns BIS

Next global financial crisis to hit with a 'vengeance', warns BIS 26 Jun 2017 20:53 #1

  • Flare
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Ooooo yes!! BRING IT!

Next global financial crisis to hit with a 'vengeance', warns BIS



By Ambrose Evans-Pritchard, International Business Editor

25 June 2017 • 11:31am

The global economy is caught in a permanent trap of boom-bust financial cycles. This deformed structure is becoming ever more corrosive and dangerous as debt ratios rise to vertiginous levels, the world's top monetary watchdog has warned.

The Bank for International Settlements said the rot in the global monetary system has not been cut out since the Lehman crisis in 2008.

The current ageing and unstable cycle could finish in much the same explosive way, contrary to the widespread belief that it was a once-in-a-century event caused by speculators.

“The end may come to resemble more closely a financial boom gone wrong, just as the latest recession showed, with a vengeance,” said Claudio Borio, the BIS’s chief economist.

The venerable Swiss-based institution says the financial system is about to be tested as the US Federal Reserve steps up the pace of monetary tightening.

www.telegraph.co.uk/business/2017/06/25/next-global-financial-crisis-hit-vengeance-warns-bis/
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Next global financial crisis to hit with a 'vengeance', warns BIS 26 Jun 2017 21:10 #2

  • Lux Interior
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Well they're part of the financial cartel that allows this shit to happen so it's less a prediction than a forewarning.
Austerity? Bollocks,the city of London is awash with filthy moolah but the hook noses want it all for themselves my boy.
liberabo te ab inferno

875 020 079

He cried in a whisper at some image, at some vision—he cried out twice, a cry that was no more than a breath: "'The horror!
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Next global financial crisis to hit with a 'vengeance', warns BIS 26 Jun 2017 21:10 #3

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What will this mean in laymans terms if it happens as claimed?... stockmarkets losing value for one thing i suppose. Perhaps more funds managers and stock market players offing themselves.

US Fed tightening = interest rates rising btw.
I remember the good old days, when 90+ year olds in nursing homes lived forever. Darn this pesky virus.

1365 = 1

1.1365 = 1,283,305,580,313,352
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Next global financial crisis to hit with a 'vengeance', warns BIS 27 Jun 2017 00:16 #4

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This is like the main trumpetteer of the Red Army complaining about military communism.
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Next global financial crisis to hit with a 'vengeance', warns BIS 27 Jun 2017 00:18 #5

  • Gaia
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And "rot since 2008"? Nice try fake newsers.

At least since 1913 but probably more since Solomon's Mines.
The Only Limit is Your Own Imagination
A truth seeker is someone who dares to wade through thick series of toxic smoke screens and tries not to inhale - Gaia
"What do you call 'genius'?" "Well, seeing things others don't see. Or rather the invisible links between things."
- Vladimir Nabokov (1938)
"The silence of conspiracy. Slaughtered on the altar of apathy." - Lords of the New Church (1982)
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Next global financial crisis to hit with a 'vengeance', warns BIS 27 Jun 2017 12:01 #6

  • ragnarok
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So, why is it you want to blame migrants for all your woes, again? Get divided and conquered much?
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