"This is a dangerous moment for the world. It is still possible that the growth scare of recent months will prove a false alarm."

"This is a dangerous moment for the world. It is still possible that the growth scare of recent months will prove a false alarm.

Yet the Bank for International Settlements is surely right that we are pushing ever closer to the limits of a model that relies on artificial stimulus to keep stealing extra prosperity from the future. There is ever less to steal."