Stephen King: No Lifeboats for Economy

Posted by admin on Wednesday, June 10, 2015

HSBC Chief Economist Stephen King Money Quotation saying he’s concerned that the global economic recovery has used all resources to prop up economy. HSBC Chief Economist Stephen King said:
 
Stephen King The world economy is sailing across the ocean without any lifeboats to use in case of emergency quote
 

“The world economy is sailing across the ocean without any lifeboats to use in case of emergency” — Stephen King

 

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In this quote, Stephen King is making an observation about the global economy. By comparing it to a ship sailing across the ocean without any lifeboats, he seems to be suggesting that the world economic system is very vulnerable because it lacks adequate safeguards or backup plans to handle a major crisis or “emergency”.

The implication is that if a significant economic problem or disaster were to occur, there may not be effective mechanisms in place to rescue or bail out the system. So in essence, King appears to be warning that the economy’s resilience is untested and its ability to withstand shocks remains uncertain, since there is no viable plan B or lifeboat equivalent available if problems arise.

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