{"id":24515,"date":"2017-07-25T09:22:20","date_gmt":"2017-07-25T14:22:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=24515"},"modified":"2017-07-25T09:22:20","modified_gmt":"2017-07-25T14:22:20","slug":"deeply-flawed-western-economic-models-are-undermining-the-worst-global-recovery-in-history","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=24515","title":{"rendered":"“Deeply-Flawed Western Economic Models” Are Undermining The Worst Global Recovery In History"},"content":{"rendered":"

“Deeply-Flawed Western Economic Models” Are Undermining The Worst Global Recovery In History<\/a><\/h3>\n
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With stocks at record highs, seemingly proving that everything must be awesome in the world, Chris Watling, chief executive of Longview Economics, shocked CNBC on Friday<\/a> by reminding them that “this is undoubtedly the lowest quality economic recovery we have seen globally… full stop.” <\/em><\/strong><\/p>\n

The reason is simple, Watling continued,<\/p>\n

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“the economic model is deeply flawed and the system in the west is deeply flawed, particularly in the English speaking part of the world and it needs to change.”<\/em><\/strong><\/p>\n<\/blockquote>\n

The Longview Economics CEO explained that a debt-laden global economy could be vulnerable to looming interest rate hikes because,<\/p>\n

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“This is a world that is more indebted than it was before the global financial crisis in 2007, there’s no productivity growth, asset prices are very elevated, a lot of debt that corporates have built up has gone to share buy backs (and) the number of ‘zombie companies’ has doubled since 2007.”<\/strong><\/p>\n<\/blockquote>\n