Tag Archives: Bank Of International Settlements

When Jaime Caruana speaks, people should listen and the fact that he recently warned that the global financial system is currently "more fragile" in many ways than it was just prior to the collapse of Lehman Brothers should set off all sorts of alarm bells. Who is Jaime Caruana? Why should we pay attention to what he has to say? What more does he have to say? Why should we be concerned? Read on!

Little has been done in the past six years to restructure economies and cut debt i.e. learn the lessons of 2008. Because we’ve partially recovered from that traumatic period, that’s led to complacency. All the while, the debt that caused the bust in the first place has compounded and threatens to undo the world again. Let’s hope it doesn’t come to that.