Recent discussions among financial leaders, including the CEO of JPMorgan Chase and the Governor of the Bank of England, have raised concerns about potential shocks in the global economy. The U.S. stock market has experienced significant growth, largely attributed to developments in Artificial Intelligence, although this has led some to suggest that it may be forming a precarious bubble.
Moreover, the surge in bankruptcies across America has sparked caution regarding the rapid expansion of lending from private entities known as shadow banks. This situation has drawn parallels to the subprime mortgage crisis that catalyzed the Great Financial Crisis in 2007. Additionally, the possibility of former President Donald Trump reigniting a tariff-driven trade war continues to be a point of anxiety for the global economic landscape.
In light of these factors, questions arise about the current state of the economy and the level of concern that should be warranted. David Aaronovitch is set to engage with several experts to explore these issues in depth.
The guests include Katie Martin, markets columnist at the Financial Times; Duncan Weldon, economist and author of “Blood and Treasure”; and Simon French, Chief Economist and Head of Research at investment firm Panmure Liberum. The program aims to provide insights into the potential risks and the stability of the financial landscape amidst these growing tensions.
For further details, listeners can access the program’s website.
Source: https://www.bbc.co.uk/sounds/play/m002l3hr?at_medium=RSS&at_campaign=rss