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Features

The warning signs of a new credit crunch

No one will thank you for talking about it, but in the world's QE-happy stock markets, indicators are flashing red

26 July 2014

9:00 AM

26 July 2014

9:00 AM

When I think about global stock markets these days, the image that springs to mind is the final scene of The Italian Job — the 1969 original, not the tacky 2003 remake.

‘Hang on a minute, lads,’ says Charlie Croker, Michael Caine’s heistmaster-in-chief, as he and his rogue brethren balance precariously in a bus loaded with gold on the edge of an Alpine cliff.

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Liam Halligan has written the Sunday Telegraph’s ‘Economics Agenda’ column since 2003.

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