Category: Asia

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

‘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

Asia’s Paul Volcker moment

NIKKEI ASIAN REVIEW Indonesia’s central bank takes away the punch bowl September 28, 2018 By William Pesek If you think you are having a frenetic year, spare a thought for Perry Warjiyo. In four months as Indonesia’s central bank governor, he has hiked interest rates four times — roughly once every 32 days. With his