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Daily Archives: September 19, 2016
Global growth engine running out of gas
As pointed out by Stephen Roach here on Project Syndicate in August, if China’s 2016 GDP growth hits the government’s official 6.7% target– China will account for 1.2% (39%) of the IMF’s estimated 3.1% global GDP growth in 2016. That … Continue reading
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Deutsche Bank next canary in the global financial crisis
After years of reckless management, over-leverage, regulatory infractions and illegal activities, Deutsche Bank (one of the worlds most systemically interconnected banks) is falling into a capital death spiral reminiscent of Lehman Bros. and Bear Stearns in 2008. The shares are … Continue reading
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Creative disruption now breaking under egregiously self-serving corporatocracy
Last week Canada’s former Prime Minister Stephen Harper was unabashedly tweeting his delight at being hired as a corporate consultant with Dentons who brands itself as “the world’s largest global elite law firm” devoted to helping corporate clients increase “value” … Continue reading
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