Apprehension goes hand-in-hand with financial matters. Last April, the alarmist IMF announcements predicted a huge crisis by 2020 linked to the level of global debt that ten years of \u2018crisis management\u2019 have not brought under control. Rather, US public debt has doubled in absolute terms (from $10,000 billion to $20,000 billion), the EU’s debt has increased from \u20ac8,000 billion to \u20ac12,000 billion, China has contributed 40% of the increase in world debt in 10 years, etc. In this context, financiers are worried about the tendency towards protectionist retreat which appears to be behind the announcements of US customs duties on steel and aluminium. But are we really on the edge of a new financial crash?<\/p>\n
First of all, we remind you our constant warnings in the past year of the end of Quantitative Easing policies and the consequences of the accompanying end to easy money. We particularly anticipated a significant risk of corporate bankruptcies for 2018, including multinationals, which could cause significant shocks to global finance[1]<\/a>. Hence, our readers are used to the current alerts.\t\t