Economic Collapse by Bobby Akart

Author:Bobby Akart [Akart, Bobby]
Language: eng
Format: epub
Published: 2016-04-28T04:00:00+00:00

(1) Foreign exchange (FOREX) reserves

(2) The real exchange rate

(3) Growth in credit

(4) GDP growth

(5) The current account (as a percent of GDP)

Based on these criteria, the economists surmise, those countries that have low FOREX reserves, an appreciated exchange rate, rapid credit and GDP growth, coupled with current account deficits, tend to have the highest probabilities for a financial crisis.

Here is the list of countries to watch (in addition to the ones listed above):

South Africa, Pakistan, Egypt, India, Indonesia, Turkey, Chile, Peru, Colombia, and Argentina.

Note that the last four on the list round out the seven largest economies in Central and South America. Coupled with Puerto Rico, virtually every major economy in the Western Hemisphere is on the brink of collapse.

Does the United States belong on this list?

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