HSBC's Stephen King Outlines "Economic Nightmare"

HSBC’s respected Chief Economist Stephen King, sporting spiky hair that would land him in jail or worse in Iran, penned a much discussed economic report that reads like a horror novel but points to important analysis that is hard to ignore. Stephen King: Economy is like Titanic except without lifeboats King’s nightmare takes place on a Titanic-like economic ocean liner that is headed for an iceberg except this fragile ship doesn’t have lifeboats. In his research piece titled “The world economy’s titanic problem: Coping with the next recession without policy lifeboats,” King notes it has been six years since the…