Economist warns ‘risk incentives’ may trigger Global Financial Crisis | news.com.au — Australia’s
October 22, 2018
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