Dow Jones: Six scenarios of the coming ‘economic armageddon’ | news.com.au — Australia’s leading
June 19, 2018
THE future is going to be very bad.
It’s not a question of if or even when, but how. That’s the view of Australian economist John Adams, who says “economic armageddon” awaits us — we just don’t know what particular version it will take.
For the past two years, the former Coalition adviser has been sounding increasingly dire warnings about a looming global economic crisis in the face of record public and private debt, near-zero interest rates, excessive public spending and a massive housing bubble.
He first identified seven signs that the global economy was heading for a crash, later arguing the window for action had closed, before pointing out growing warning signs and highlighting a number of “myths” making us complacent to the danger.
By Frank Chung