A man walks by a residential building still under construction in the newly developed, exclusive Hudson Yards neighbourhood in Manhattan, New York City, on September 13. While financial crises come and go with increasing frequency, the next one could be the “mother” of them all. Photo: Getty Images / AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Why the next global financial crisis may dwarf the one in 2008

  • Big risks today include the nonbank financial sector and high corporate debt. There are more ‘zombie companies’ now than at any time during the 2008 crisis, while huge dollar liabilities in banks outside the US and emerging market indebtedness add to the dangers

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A man walks by a residential building still under construction in the newly developed, exclusive Hudson Yards neighbourhood in Manhattan, New York City, on September 13. While financial crises come and go with increasing frequency, the next one could be the “mother” of them all. Photo: Getty Images / AFP
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London