Jon Giann: the factors that brought about the GFC have not changed

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Investor and blogger Jon Giann argues rather frighteningly that the prospect of another GFC down the track is more than likely, because the fundamental weaknesses and potential for rorts in financial institutions have not been fixed. They have in fact got worse.

Is the global economy safer and more secure? Do Aussie or even American investors face a radically different world? If you ask me, I’d say the game hasn’t changed at all. And if anything, the system corrupt features that got us into the mess in the first place have only gotten worse.

So while the US economy seems to be picking up, and Australia’s is still fundamentally very sound, despite the successful Liberal disinformation campaign of the last three years, we are by no means out of the woods.

Darkness is not far off, and ….. Is that a gingerbread house I can see up ahead?