Forget a 2008 Lehman Bros-style crash – this is how a ‘normal’ recession could start | Dan Davies

Current political uncertainty or trade restrictions could shock business confidence, but policymakers are fixated on financeThere’s a hoary old proverb in the financial markets that a crisis happens precisely when the institutional memory of the last c…

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Could devaluation of China’s yuan trigger the next financial crisis? | Larry Elliott

Anyone looking around for bad economic news in this ‘silly season’ is spoilt for choiceEvery now and then, August belies its reputation as a sleepy month when nothing happens and throws up an event that shakes financial markets.The Latin American debt …

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This isn’t 2009: Britain can no longer spend its way out of trouble | Phillip Inman

Boris Johnson’s plan for expansionist borrowing is far less economically literate than Gordon Brown’s was 10 years agoWhen confronted with an uncertain future, writers who claim to have seen through a window into the next decade find it easier than usu…

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While Boris rearranges the deck chairs, the car industry is crashing | Richard Partington

The auto industry has been Europe’s driving force for years, but it’s experiencing a rough ride nowHere comes more bad news from the car industry. In what is shaping up to be the worst year since the financial crisis for the automotive sector, Nissan a…

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By blaming ‘industry challenges’, Deutsche Bank is clutching at straws | Nils Pratley

Bank that once seemed to have beaten big US rivals at their own game is a national embarrassmentLittle more than a decade ago, Deutsche Bank seemed to have achieved the remarkable feat of beating the big Wall Street banks at their own game. Germany’s b…

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UK’s dire productivity growth costing workers £5,000 in lost earnings

Falling productivity and Brexit uncertainty to blame for wage stagnation, says ONSBritain’s dismal track record at increasing labour productivity following the financial crisis a decade ago has cost workers as much as £5,000 in missing income, accordin…

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Is the global economy in for a new oil shock? | Larry Elliot

Trump’s hawkish stance with Iran could prove too much for an already fragile world economyAn oil price surge prompted by trouble in the Middle East inevitably conjures up memories of late 1973, when a dramatic rise in the cost of crude ended the long p…

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The Bank of England’s biggest problem? The City of London

Governor Mark Carney should use his Mansion House speech to tell the Square Mile it must stay on a short leashWhen the Bank of England’s governor, Mark Carney, addresses City grandees this Thursday at Mansion House in London, he could step outside his …

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