THE future is going to be very bad.
It’s not a question of if or even when, but how. That’s the view of Australian economist John Adams, who says “economic armageddon” awaits us — we just don’t know what particular version it will take.
For the past two years, the former Coalition adviser has been sounding increasingly dire warnings about a looming global economic crisis in the face of record public and private debt, near-zero interest rates, excessive public spending and a massive housing bubble.
By Frank Chung