Chicago’s Rajan, Crisis Cassandra, Sees More Bubbles Ahead

BOOK REVIEW: By James Pressley - It’s fun to play Pin the Meltdown on the greedy bankers, meddling governments and lying homebuyers. Yet these individuals, for all their shortcomings, were only responding to three sets of fault lines, Rajan argues: domestic political pressures, trade imbalances and incompatible financial systems. These fractures continue to threaten the world economy, and “we...