{"id":150193,"date":"2010-01-07T10:19:00","date_gmt":"2010-01-07T15:19:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/simon-johnson-we-are-setting-ourselves-up-for-an-enormous-catastrophe-2010-1"},"modified":"2010-01-07T10:19:00","modified_gmt":"2010-01-07T15:19:00","slug":"simon-johnson-were-setting-ourselves-up-for-an-enormous-catastrophe","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/150193","title":{"rendered":"Simon Johnson: We&#8217;re Setting Ourselves Up For An Enormous Catastrophe"},"content":{"rendered":"<p>&#8220;The conventional wisdom is you can&#8217;t have back-to-back major financial crises. I think we&#8217;re going to push that, we&#8217;re going to have a look and see whether that&#8217;s true. And the next 12 months could really be exciting. People could be very positive, but we are setting ourselves up for an enormous catastrophe.&#8221;<\/p>\n<p>He thinks the catastrophe is likely to happen in emerging markets such as China where it looks like we&#8217;re following the same Japanese pattern of the 90&#8217;s.<\/p>\n<p>Watch the interview below:<\/p>\n<p>\n<object width=\"560\" height=\"340\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/RLKuXwisOrc&amp;hl=en&amp;fs=1\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><embed type=\"application\/x-shockwave-flash\" width=\"560\" height=\"340\" src=\"http:\/\/www.youtube.com\/v\/RLKuXwisOrc&amp;hl=en&amp;fs=1\" allowscriptaccess=\"always\" allowfullscreen=\"true\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/simon-johnson-we-are-setting-ourselves-up-for-an-enormous-catastrophe-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/paul-volcker-sets-out-to-singlehandedly-rescue-the-financial-system-2009-12\">Paul Volcker Sets Out To Singlehandedly Rescue The Financial System<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-extending-the-homebuyer-tax-credit-is-just-throwing-good-money-after-bad-2009-10\">Extending The Homebuyer Tax Credit Is Just Throwing Good Money After Bad<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-simon-johnson-decries-influence-of-wall-street-oligarchs-us-a-banana-republic-2009-4\">Simon Johnson Decries Influence Of Wall Street Oligarchs, US A Banana Republic<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/bwMnu_r72Jc\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The conventional wisdom is you can&#8217;t have back-to-back major financial crises. I think we&#8217;re going to push that, we&#8217;re going to have a look and see whether that&#8217;s true. And the next 12 months could really be exciting. People could be very positive, but we are setting ourselves up for an enormous catastrophe.&#8221; He thinks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-150193","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/150193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=150193"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/150193\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=150193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=150193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=150193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}