RGE - Global Imbalances are Growing and Increasing the Risk of a Disorderly Adjustment and Hard Landing

RGE

Global Imbalances are Growing and Increasing the Risk of a Disorderly Adjustment and Hard Landing

To those with panglossian or benign views of the global imbalances and to supporters of view of the long term stability of the BW2 regime, the financial developments of the last few months appear as a proof that global imbalances are not something we need to worry about. I will instead make the case here that we need to seriously worry - even more than before - about such imbalances and the risks of their disorderly unraveling. For the full report: click on the headline.