Five Years After A World Economic Meltdown, BIS (Bank of International Settlements) Ex-Chief Economist Warns “It’s Worse This Time”

| September 15, 2013

It’s concerning how so many people now think that “things are different this time”!  But since complacency has hit an all time record, it’s unlikely to end well. The Swiss-based BIS `bank of central banks’ said a hunt for yield was luring investors en masse into high-risk instruments, “a phenomenon reminiscent of exuberance prior to the global financial crisis”. The former chief economist […]

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