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Features

The warning signs of a new credit crunch

No one will thank you for talking about it, but in the world's QE-happy stock markets, indicators are flashing red

26 July 2014

9:00 AM

26 July 2014

9:00 AM

When I think about global stock markets these days, the image that springs to mind is the final scene of The Italian Job — the 1969 original, not the tacky 2003 remake.

‘Hang on a minute, lads,’ says Charlie Croker, Michael Caine’s heistmaster-in-chief, as he and his rogue brethren balance precariously in a bus loaded with gold on the edge of an Alpine cliff.

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Liam Halligan has written the Sunday Telegraph’s ‘Economics Agenda’ column since 2003.

You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.


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