{"id":31009,"date":"2018-02-14T09:31:41","date_gmt":"2018-02-14T14:31:41","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31009"},"modified":"2018-02-14T09:31:41","modified_gmt":"2018-02-14T14:31:41","slug":"city-of-london-financiers-contemplate-imminent-2018-us-stock-market-crash-of-up-to-50","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31009","title":{"rendered":"City of London financiers contemplate \u201cimminent\u201d 2018 US stock market crash of up to\u00a0\u201c50%\u201d"},"content":{"rendered":"
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City of London financiers contemplate \u201cimminent\u201d 2018 US stock market crash of up to\u00a0\u201c50%\u201d<\/a><\/h3>\n

Coming dramatic decline of US stock prices would trigger global recession, finds grim forecast to be explored at roundtable hosted by British financial services think-tank<\/strong><\/p>\n

A new analysis published on the website of a London-based think-tank, funded by the world\u2019s biggest banking and financial services institutions, warns that the US stock market is on the brink of an imminent crash that could trigger another global recession.<\/p>\n

The document by a senior US economist and former Houblon-Norman Fellow at the Bank of England is published on the website of the Centre for the Study of Financial Innovation (CSFI), which runs around 100 roundtable events a year involving financial services insiders from the UK and beyond.<\/p>\n

The document forecasts that in 2018, US stock prices are likely to plummet by as much as \u201cforty to fifty percent\u201d\u200a\u2014\u200acompared to the less than five percent plunge in early February. The document was published weeks before the recent stock market volatility.<\/p>\n

The warning of a forty to fifty percent drop points to the prospect of a global financial crash worse than the 2008 banking collapse.<\/p>\n

It comes at a time when the Federal Reserve, Bank of England and other authorities are looking to tighten up their cheap money policies, as economic growth is at its highest levels since the 2008 slump.<\/p>\n

The new analysis is an \u2018open letter\u2019 by US economist Robert Aliber, Professor Emeritus at the University of Chicago Booth School of Business, a world renowned authority in identifying the source of shocks behind over forty banking crises that have occurred since the 1970s.<\/p>\n

The \u2018open letter\u2019, dated January 21st 2018, is published on CSFI\u2019s website at this link http:\/\/www.csfi.org\/s\/QUARTERLYJAN12018.docx<\/a>, and mentioned in an announcement<\/a> of a forthcoming breakfast conversation with Professor Aliber in late February.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

City of London financiers contemplate \u201cimminent\u201d 2018 US stock market crash of up to\u00a0\u201c50%\u201d Coming dramatic decline of US stock prices would trigger global recession, finds grim forecast to be explored at roundtable hosted by British financial services think-tank A new analysis published on the website of a London-based think-tank, funded by the world\u2019s biggest […]<\/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":[6113,500,501,14273,2092,2442],"class_list":["post-31009","post","type-post","status-publish","format-standard","hentry","category-economics","tag-insurge-intelligence","tag-market-collapse","tag-market-crash","tag-medium","tag-nafeez-ahmed","tag-us-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31009","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=31009"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31009\/revisions"}],"predecessor-version":[{"id":31010,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31009\/revisions\/31010"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}