“While some in the financial community have grown complacent since the financial crisis ended in 2009, star economist Nouriel Roubini says more catastrophes will follow.
That’s because the banking system hasn’t really changed, with the “too big to fail” system still in place, he tells The Independent of London. “We’ll see more financial crises,” Roubini predicts.
“We cannot avoid them until there is a more radical reform of the banking system.”
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indeud, but watch everyone print their way out of this one – delaying the inevitable.
can we really do that ?
Japan did it during a global credit boom and unprecedented global economic expansion.
It may be much different this time around with everyone acting in concert and a negative growth /credit phase