Today Greece, tomorrow the world
30 June, 2015Greece has been living beyond its means, having borrowed too much during the easy times. Its underlying economy is too weak to support its preferred lifestyle, which is why the Greek government is now being told by its main creditors, the IMF and the Eurozone central banks, that it needs to make more cuts, [...]
What does $200 trillion of debt really mean for the global economy?’
3 February, 2015What does $200 trillion of debt really mean for the global economy? A few years ago, in the depths of the recession caused by the financial crisis, I began an investigation into the consequences of several economic trends that I thought were bound to put a permanent end to the boom times that my generation, [...]