I am quoted in this article from Focus Economics about the next financial crisis and where it will originate and when. It posted last week but I have been so busy working on a presentation for a conference and other research items like a population projection that I forgot to post the link.Continue reading Focus Economics: Next Crisis
From time to time the calls on the radio turn to questions about the possibilities of market corrections and the likelihood of recession, panic, depression and so on. For the most part these calls died down since 2014 or so, which may just mean they are getting ready to start up again. The number of pages devoted to the examination of economic crises, financial market and otherwise, is long and there are some good and many bad and I try to steer callers to the better ones as much as I can. To that end, Brian Dowd at FocusEconomics wrote up a really nice history of the Tulip Crisis, one of the first financial panic/crisis events we really understand as a bubble. You can find his full post here.
This is an active question in much of the United States and North Dakota right now. The answer is elusive and this recent post on FocusEconomics by Oliver Wright makes that abundantly clear.