Bank for International Settlements’ quarterly health check warns global economy resembles era just before financial crashInvestors are ignoring warning signs that financial markets could be overheating and consumer debts are rising to unsustainable levels,the global body for central banks has warned in its quarterly financial health check.
The Bank for International Settlements (BIS) said the situation in the global economy was similar to the pre-2008 crash era when investors, seeking high returns, and borrowed heavily to invest in risky assets,despite moves by central banks to tighten access to credit. Related: Bitcoin investors hoping to make billions may conclude up with a sack of idiot’s gold Related: Philip Hammond could be putting the UK on course for another recession Continue reading...
Source: theguardian.com