
World Faces Wave of Epic Debt Defaults, Fears Central Bank Veteran
By Ambrose Evans-Pritchard The Telegraph The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. “The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, […]