{"id":21837,"date":"2016-09-24T16:24:18","date_gmt":"2016-09-24T21:24:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21837"},"modified":"2016-09-24T16:24:53","modified_gmt":"2016-09-24T21:24:53","slug":"savings-guarantee-u-n-warns-next-financial-crisis-imminent","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21837","title":{"rendered":"Savings Guarantee? U.N. Warns Next Financial Crisis Imminent"},"content":{"rendered":"

Savings Guarantee? U.N. Warns Next Financial Crisis Imminent<\/a><\/h3>\n
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\u201cThere remains a risk of deflationary spirals in which capital flight, currency devaluations and collapsing asset prices would stymie growth and shrink government revenues. As capital begins to flow out, there is now a real danger of entering a third phase of the financial crisis …\u201d<\/em><\/strong><\/p>\n

UN Conference on Trade and Development\u2019s Annual Report (UNCTAD),\u00a0September\u00a022, 2016<\/strong><\/em><\/p>\n

\"image<\/em><\/a>Image from “Extraordinary Popular Delusions and the Madness of Crowds” by Charles Mackay – Wikipedia<\/em><\/strong><\/p>\n

This hard hitting\u00a0critique in the\u00a0UN Conference on Trade and Development\u2019s Annual Report<\/strong><\/em>, released this week, is suggesting\u00a0that the\u00a0\u2018third leg of the world’s intractable depression is yet to come.\u2019<\/em><\/p>\n

“Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. Damaging deflationary spirals cannot be ruled out,”<\/em>\u00a0said the annual report of the UN Conference on Trade and Development (UNCTAD).<\/p>\n

But what does these grand, scary predictions really mean for us? Bankruptcy? Economic collapse? Apocalypse now? End of the world as we know it?<\/p>\n

The UN economists certainly think that a la 2007\/2008, we are on the verge\u00a0of the\u00a0third leg of the global financial crisis – with prospect of epic debt defaults.<\/p>\n

We may soon experience the end of the financial world as we know it \u2026 but investors and savers feel fine! Many bond and stock markets, including the S&P 500, continue on their merry way to all time record highs.<\/p>\n

Few\u00a0know, or (it seems) care anymore. As we end yet another week with yet another anticlimactic announcement from the “all powerful” Fed, it is understandable that many of us are feeling some cognitive dissonance when it comes to the real impact of central bank announcements, economic forecasts and political changes.<\/p>\n

Bail-In Regime Cometh<\/strong><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Savings Guarantee? U.N. Warns Next Financial Crisis Imminent \u201cThere remains a risk of deflationary spirals in which capital flight, currency devaluations and collapsing asset prices would stymie growth and shrink government revenues. As capital begins to flow out, there is now a real danger of entering a third phase of the financial crisis …\u201d UN […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[46,1361,8898,195,303,312,14382,822,14383,826,3650],"class_list":["post-21837","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bail-in","tag-bankruptcy","tag-corporate-debt","tag-debt","tag-fed","tag-financial-crisis","tag-gold-core","tag-un","tag-unctad","tag-united-nations","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21837"}],"version-history":[{"count":3,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21837\/revisions"}],"predecessor-version":[{"id":21840,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21837\/revisions\/21840"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}