A specialist with Lehman Brothers reacts as the firm slides into bankruptcy in 2008. Photo: AP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Look to US, not China for the 2019 financial crisis. Here’s why

  • There’s a lingering feeling that the global economy is due for another downturn, as one tends to come along every five to seven years
  • But while the West points to China, it’s the US that has most reason to worry. Something eerily similar to its subprime disaster is afoot

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A specialist with Lehman Brothers reacts as the firm slides into bankruptcy in 2008. Photo: AP
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