Why Italy Could Be the Epicenter of the Next Financial Crisis
God knows what will happen but there are a lot of small and not so small fires everywhere:- Trade war- Chinese growth faltering- Chinese debt bubble- Brazilian crisis- Turkish crisis- Italian populism / Italian debt- US student loan bubble- Real estate market slowing down in the US and the UK- Brexit- Over leveraged private companies because of the intense private equity deal making- Tech companies reaching market saturation (internet access, smartphone or pc ownership, social medias, ecommerce), tech industry ceasing to be a high growth industryI may forget some. Perhaps the next financial crisis will be the result of a combination of all of these rather than a single event (like the 2008 financial crisis was the result of a combination of a real estate market slowdown, a subprime debt bubble, and an over leveraged and complacent banking system, followed in 2011 by a sovereign debt crisis, of which Italy was already the most worrying elephant in the room).