Increasingly, prognosticators are talking about a recession in the United States by 2020. But not everyone is onboard with those predictions. Moreover, arguments vary both in terms of why a recession would take hold and in what the likely outcomes are. Below I want to review a few of the predictions, adding some comments of my own.
1 - Ann Pettifor on the increase in private debt
British economist Ann Pettifor believes the beginnings of another financial crisis are already in motion. And given that she predicted the last financial crisis, her comments are interesting. Here's how Sky News puts it:
Now she thinks the global economy is in danger once more thanks to huge corporate debt, and the prospect of rising interest rates in the United States.
She told Sky News that global debt was now ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.