WorthyNewsBot Posted September 23, 2016 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.47 Content Count: 44,256 Content Per Day: 7.18 Reputation: 984 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted September 23, 2016 (Worthy News) - The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity. "Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. Damaging deflationary spirals cannot be ruled out," said the annual report of the UN Conference on Trade and Development (UNCTAD). [ Source ] View the full article Link to comment Share on other sites More sharing options...
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