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Roubini: Ten Reasons Why Conditions Will Be Ripe for a Financial Crisis by 2020

Financial markets will anticipate that and reprice riskier assets in 2019

by Nouriel Roubini and Brunello Rosa
Market Watch

NEW YORK (Project Syndicate) — As we mark the decennial of the collapse of Lehman Brothers, there are still ongoing debates about the causes and consequences of the financial crisis, and whether the lessons needed to prepare for the next one have been absorbed.

But looking ahead, the more relevant question is what actually will trigger the next global recession and crisis, and when.

The current global expansion will likely continue into next year, given that the U.S. is running large fiscal deficits, China is pursuing loose fiscal and credit policies, and Europe remains on a recovery path. But by 2020, the conditions will be ripe for a financial crisis, followed by a global recession.

There are 10 reasons for this.

Continue Reading at MarketWatch.com…

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