Another crisis coming: LSE professor

Another financial crisis is right around the corner, according to John Kay, an economics professor at the London School of Economics and Financial Times columnist.

Read: Keep clients during a crisis

The crux of Kay’s position is that “the economic system is geared around trading profits that create market bubbles that inevitably burst,” notes a Financial Times report.

“The professor says that there should be less trading in the financial system. ‘I’m starting to query in my mind whether the role of public equity markets isn’t just over, from the point of economic value. I don’t see the need for them any more,’ ” adds the report.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.