Category: Commentary

Asia’s 2008 seer is worried all over again

SOUTH CHINA MORNING POST Indian economist Raghuram Rajan, who correctly called the subprime crisis, is worried about growing imbalances and the possibility of another global shakeout Sunday, 14 October, 2018, 2:03pm William Pesek In 2016, around the time Britons were dealing with “Brexit” trauma, Indians were bracing for “Rexit”. The reference here is to Raghuram

Bonds batter Bali

NIKKEI ASIAN REVIEW Facing mounting financial pressure, Asian leaders will rue failure to reform sooner William Pesek October 10, 2018 The best time to plant a tree is 20 years ago, goes the old adage. The second-best time? Now. Timber-rich Indonesia does not suffer from a lack of forests. But officials in Jakarta are definitely

‘Great Depression’ ahead? IMF sounds dire warning

ASIA TIMES Massive government debts and eroded fiscal buffers since 2008 suggest global dominos await a single market crash By WILLIAM PESEK OCTOBER 9, 2018   Is another “Great Depression” on the horizon? It would be easier to dismiss these words from Nouriel Roubini, Marc Faber or other doom-and-gloom prognosticators. Coming from Christine Lagarde’s team, though, they