George Magnus: Next economic crisis has already begun
On US media, it’s all about the US domestic agenda. President Obama laid out his priorities for 2014, including a minimum wage for government. But outside of the US and in the financial markets, there is growing concern about emerging markets – countries like Argentina, Turkey, India and China. Erin Ade discusses the themes. Economist and author George Magnus, former UBS Chief Economist and author of the books ‘Uprising’ and ‘The Age of Aging’, joins us to discuss emerging markets and what’s happening in the US and UK, where housing-fuelled recoveries are in full swing.