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News Link • Economy - Economics USA

Private Alternatives to Modern Banking


The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum ... This doubling of existing credit levels could be achieved without increasing the risk of a major crisis, said the report from the WEF ahead of its high-profile annual meeting in Davos. But researchers warned that leaders must be wary of new credit "hotspots", where too much lending takes place, as the world emerges from a financial catastrophe blamed in large part "to the failure of the financial system to detect and constrain" these areas of unsustainable debt. ... Regulators, and policy makers need more robust indicators of unsustainable lending, risk, and credit shortages. – UK Telegraph

Dominant Social Theme: Banks and bankers lead the way.


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