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UBS Senior Economic Advisor George Magnus on The ‘Great De-Leveraging’

First broadcast: Benzinga Radio, 22/08/2011

In August 2011, I published a research note for UBS, called Convulsions of Political Economy. The note made its way into the public domain, and onto blogs, and this radio interview was one of the results. In it I explain how during the summer of 2011, successive challenges to the stability of the Eurozone, the US, and even China have grown. The skittishness in financial markets and increase in risk premiums reflected not only a rise in anxiety about the deteriorating health of the global economy, but the draining of confidence that political elites were up to the task of addressing it. For the radio interview and transcript…..see