The World Economy ‘s a Ticking Time Bomb (and The Fuse is Burning)

By Richard Eskow | June 4, 2013

Respected economist John Kay is about to make a public statement which essentially says that the world economy is a ticking time bomb and global markets are a lit fuse.

Kay is a professor at the London School of Economics, a columnist for the Financial Times, and the author of a widely-read report on stock market flaws which was commissioned last year by the British government.

Kay says that the world is “waiting for the next crisis.” He’ll present that conclusion in a keynote speech which was previewed and extensively quoted earlier this week.