“Another Crisis Is Certain”, Warns Former BOE Chief
by Tyler Durden
ZeroHedge.com
02/28/2016
“The global economy risks becoming trapped in a low growth, low inflation, low interest rate equilibrium,” BOE governor Mark Carney warned, in a speech at the G20 summit in Shanghai. “For the past seven years, growth has serially disappointed—sometimes spectacularly,” he added.
That’s a bit of unwelcome “truthiness” from one of the world’s most powerful central bankers and it comes as his predecessor, the incomparable Mervyn King, warns that a new financial crisis is “certain.”
Below, find an excerpt from King’s new book as originally published by The Telegraph.
The Rest…HERE