Economist who predicted 2008 crisis warns of new collapse


The coming economic crisis will be more serious than in 2008, the economist Jesse Colombo, who predicted it, told The Independent. He explained that the recovery of the world economy in the past decade was an illusion, as it was ensured by the involvement in bubbles of new markets, in particular the real estate market in Europe, securities in the United States and others. This is the illusion of economic recovery provided by inflating economic bubbles, Colombo explained. I think they 're starting to collapse now. Earlier, Valentin Katasonov, Professor of Economics of MGIMO, Chairman of the Sharapova Russian Economic Society, told the news agency that Russia is not ready for a possible economic crisis.

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