Category Archives: Predictions of the Big Reset

Fact-checking financial recessions [VOXeu.org]

Link to original article, October 5, 2012, VOXeu.org By Moritz Schularick, Alan Taylor The central part played by credit in the deep downturn and weak recovery fits a recurring historical pattern. Financial crises correlate with more painful recessions. This column … Continue reading

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This Time is Different, Again? The United States Five Years after the Onset of Subprime [PDF on Ken Rogoff’s faculty page on harvard.edu; also, Bloomberg.com]

Link to original article, October 14, 2012, http://www.economics.harvard.edu Link to very similar article, October 15, 2012, Bloomberg.com Carmen M. Reinhart and Kenneth S. Rogoff Harvard University Five years after the onset of the 2007 subprime financial crisis, GDP per capita … Continue reading

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No it’s not different this time warns Professor Ken Rogoff [ArabianMoney.net]

Link to video, January 29, 2012 on ArabianMoney.net Professor Ken Rogoff warned that things are not going to be any different this time and that business leaders are underestimating the impact of the eurozone crisis in an interview last week … Continue reading

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Transcript of interview with Niall Ferguson [CNN]

Link to original transcript, July 4, 2010, CNN NIALL FERGUSON, HARVARD UNIVERSITY: Once you suddenly find your interest payments rising, it’s very quickly a – a shift into a death spiral, a kind of tailspin in which things compound. The … Continue reading

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The Failure of the Euro: The Little Currency That Couldn’t [Council on Foreign Relations]

Link to original article, January/February 2012, Martin Feldstein, The Council on Foreign Relations The euro should now be recognized as an experiment that failed…. The adverse economic consequences of the euro include the sovereign debt crises in several European countries, the … Continue reading

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“Beware a rerun of the Great Panic of 2008”: Head of World Bank warns Europe is heading for “danger zone” as world markets suffer bleakest day of the year so far [Daily Mail]

Link to original article, June 2, 2012 The head of the World Bank, Robert Zoellick, warns: Financial markets face a rerun of the Great Panic of 2008. “It is far from clear that eurozone leaders have steeled themselves” to create … Continue reading

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China’s collapse ‘will bring economic crisis to climax in 2012’, says head of strategy at Société Générale [The Guardian]

Link to original article, January 11, 2012 in The Guardian … Albert Edwards, head of strategy at Société Générale and one of the UK’s leading “bears”, said the next 12 months would be the “final year of pain and disappointment”. … Continue reading

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