Tag Archives: William White

Threat of Crash Coming Closer

A worldwide stock-market rout as August began, accentuated in European markets, reflected flashing red signals of the trans-Atlantic financial system in trouble. Of most import is the collapse of Portugal’s largest banking group, Espirito Santo. The last part of that … Continue reading

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Former BIS Chief Economist: Banking System Threat “Worse Than 2007”

Former BIS chief economist William White sees a bank crash coming, in an interview published today by the Swiss financial paper Finanz und Wirtschaft, and headlined “I see the same price bubbles as in 2007”. White, an American economist now … Continue reading

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OECD Chairman Says Financial Status Today Just Like 2007

William White, chairman of the Economic and Development Committee of the OECD, insisted in an interview with Central Banking Journal that the current status of the trans-Atlantic banking systems is again just like that of 2006-07, before the crash. “Financial … Continue reading

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BIS Veteran Says Global Credit Excess Worse Than Pre-Lehman

City of London mouthpiece Ambrose Evans-Pritchard reports that the Bank for International Settlements reports that investors are pouring funds into high-risk instruments, “a phenomenon reminiscent of exuberance prior to the global financial crisis.” “This looks like to me like 2007 … Continue reading

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