• 387 days Could Crypto Overtake Traditional Investment?
  • 392 days Americans Still Quitting Jobs At Record Pace
  • 394 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 397 days Is The Dollar Too Strong?
  • 397 days Big Tech Disappoints Investors on Earnings Calls
  • 398 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 400 days China Is Quietly Trying To Distance Itself From Russia
  • 400 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 404 days Crypto Investors Won Big In 2021
  • 404 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 405 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 407 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 408 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 411 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 412 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 412 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 414 days Are NFTs About To Take Over Gaming?
  • 415 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 418 days What’s Causing Inflation In The United States?
  • 419 days Intel Joins Russian Exodus as Chip Shortage Digs In
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Small Stories Add Up To A Big Problem

Three smaller stories -- a debt default by a Mexican construction firm, Spain's recent election of an anti-euro government, and Brazil's replacement of its finance minister with an easy-money political operative -- combine to paint a picture of a world that's heading inexorably towards a financial mess. It will begin with a wave of defaults, as emerging market borrowers of US dollars are unable to manage their debts. Then a critical mass of newly-elected (or newly-configured) governments will throw austerity and other related notions of fiscal restraint out the window. The result will be another wave of aggressively easy monetary and fiscal policies that will set the stage for an epic crisis. Get the details here.

 

Back to homepage

Leave a comment

Leave a comment