Overdose: The Next Financial Crisis

In a documentary “Overdose: The next financial crisis” (2012), trend analyst G. Celente stated that the recession in 2007/2008 was far from being resolved, and created even more dangerous ‘economic bubbles’ that are estimated to ‘explode’ in late 2017 or early 2018 with more damage than ever before. The main reasons are low interest rates in UK reaching merely 0.25% by Taborda (2017), which leads to huge state spending, national debt and growing interest payments. The predictions of the next recession became even stronger after stock markets and consumers’ confidence fell incredibly low after the UK vote to leave the EU, according to the “Independent’s” Economics editor, Chu (2016).

Great recession that took place in 2007/2008 saw the biggest