A recipe for economic crisis

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The IMF thinks there is a risk of a new global financial crisis. These things do, however, require tipping points. Here are tow potential such tipping points in consecutive headlines in an FT email this afternoon:

Oil price rises and dollar interest rate rises, simultaneously. That's a recipe for crisis in large parts of the world's economy. If it's not the debt that will tip us over (as the IMF think) something else will.