Four years after the collapse of Lehman Brothers, the global economy remains mired in low growth and high unemployment. As the income gap between top earners – including bankers, brokers, and corporate leaders – and the middle class widens, many are beginning to question whether modern capitalism is sustainable, or even desirable.
Will the World Keep Buying US Treasuries?
Paola Subacchi & Paul van den Noord
foresee a gradual reduction in countries’ holdings of dollar-denominated debt, not a rapid sell-off.
