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The $250 Trillion Burden Weighing On The Global Economy In 2020
Concerns about global debt emanating from the office of World Bank President David Malpass are drenched in pot-calling-the-kettle-black irony. Here’s a person who made his reputation at Bear Stearns of all places—a shop whose recklessness helped topple Wall Street in 2008. Malpass later went on to work for a Donald Trump White House seemingly determined to morph America into Argentina. So, it’s a bit rich that now that he’s running the World Bank, Malpass, 63, senses the circles in which he once ran arecreating troublesthat could make 2008 look quaint. That’s particularly true here in Asia, a region that ... (full story)
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