America’s Crisis Has Already Begun
Martin Wolf warned the next financial crisis would begin in America. It already did — in April 2025. And America started it.
Grüezi!
Martin Wolf wrote in the FT that the next financial crisis is most likely to start in America. Of course, he’s right.
But it’s not because America is borrowing too much, or that it’s politically divided, or fiscally stretched. It’s because the machinery which lets America ke…
