6min chapter

The Joe Walker Podcast cover image

Ken Henry — An Economic Odyssey

The Joe Walker Podcast

CHAPTER

The Key Vulnerability of Our Financial System

I don't think we should be saying when about the debt deficit narrative. One day, hopefully our investment rate will bounce back. And when our alliance upon offshore capital, including short-term debt is going to increase. But even if you cut yourself off from the rest of the world, this risk of one part of the system losing confidence in another player on which they rely still exists. It's really at base how confident can you be that the claims being made by your counterparties and the undertakings that they're giving giving you that they can be relied upon? For the most part, it's been good. I mean more than good, right. The ability of the global financial system

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