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Lonely Analyst Warns of 2015 Bank Crisis Amid `Upbeat’ Davos – Bloomberg

After the 2008 crisis, governments and central banks spent unprecedented amounts of taxpayer money to bail out the financial system. Part of Wilkinson’s concern is that if the system is allowed to return to its old boom-bust habits, debt- strapped governments may not be able to handle the fallout of another crisis, either financially or politically.

“If there is another banking crisis, the Western governments are just in no shape to stabilize the system, they’ve expended their entire arsenal on the last round of fiscal injections,” Wilkinson said.

Full article here: Lonely Analyst Warns of 2015 Bank Crisis Amid `Upbeat’ Davos – Bloomberg.


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