Economist warns ‘risk incentives’ may trigger Global Financial Crisis | — Australia’s

A SET of worrying conditions known as “doom loops” could soon trigger a fresh global financial crisis, a leading economist has warned.

Dr John Llewellyn, the former chief economist of failed US investment bank Lehman Brothers, made the alarming prediction during a private OECD event last month.

During the forum, Dr Llewellyn argued economic conditions which could spark a fresh crash were now “not only serious, but intensifying”.

By Alexis Carey

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