Monday, May 25, 2015

Positive Duration Dependence

Telegraph: HSBC fears world recession with no lifeboats left

It's pretty clear that this blog has attracted doomers (myself included) who have been too negative in their outlook but some financial commentators are a bit worried: "Stephen King from HSCB warns that the global authorities have alarmingly few tools to combat the next crunch, given that interest rates are already zero across most of the developed world, debts levels are at or near record highs, and there is little scope for fiscal stimulus. 'The world economy is sailing across the ocean without any lifeboats to use in case of emergency,' he said." Perhaps we'll be fine but further financial stimulus could be tricky.

Posted by quiet guy @ 12:01 AM (7068 views)
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6 Comments

1. reticent said...

Always interesting to hear what Stephen King from Hardly Scary Children's Books (HSCB - sic) has to say about the global economy.

Monday, May 25, 2015 10:09AM Report Comment
 

2. khards said...

I am sure that when the next crisis kicks off they will simply change the rules again. You know optional debt repayment, just give the house back when you die etc.
Maybe if China does join the IMF's Special Drawing Rights, then that may change the situation.

Monday, May 25, 2015 01:58PM Report Comment
 

3. sneaker said...

Has Ambrose ever written a cheerful article?

Monday, May 25, 2015 02:22PM Report Comment
 

4. clockslinger said...

Things never work out like you expect. Theres always the unexpected.
This from zero hedge today:-
"You think ISIS overrunning Iraq is bad news? Wait until the ordnance starts flying around Riyadh. Notice, too, that there’s no news coming out of Yemen, a failed state with a population nearly equal to its neighbour. If we have any idea what’s going on there — and surely the Pentagon and NSA do — then it’s not for popular consumption."

I suspect this'll have a bearing on oil prices in a country near you soon.

Monday, May 25, 2015 08:49PM Report Comment
 

5. hpwatcher said...

Good.

Tuesday, May 26, 2015 11:49AM Report Comment
 

6. reticent said...

@3 I wonder that every time I read one of his articles.

Tuesday, May 26, 2015 05:45PM Report Comment
 

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