COVER STORY: Economic bounce masks deep structural crisis*

Despite the economic bounce, there are no economies capable of pulling the world out of the current crisis. Unless fundamentally flawed economic systems are reformed, the crisis may persist for years, writes Patrick J. Byrne.Today’s recovery has been the result of low interest rates (which can’t go much lower) and massive stimulus packages (which are running out) undertaken by governments worldwide.Globally, the problem is that there is no major economy capable of driving a recovery.The US is cr…

Sorry, you don’t have access to this content. Please log in or email [email protected] for help.