China is dangerously near a crisis point.

The current crisis vividly underscores the point.

The current European crisis is a case in point.

The Niger food crisis is a case in point.

The economic crisis and its aftermath is a case in point.

In fact, we are probably only at the mid point of the crisis.

The crisis led to a 30 percentage point jump in the public debt ratio.

Yet Bolivia s current crisis does point to the democratic deficit that plagues Latin America today.

The timing, from the point of view of crisis management, could not have been worse.

The whole point of crisis management was to avoid risks to the system and thus bankruptcy.

Persuasive explanations of the crisis point to linkages between today s tepid demand and rising income inequality.

It is now mired in an existential crisis more profound than at any point since 1945.

They point to the negative results of China s more assertive policies since the economic crisis of 2008.

Most explanations of the causes of the post 2007 financial crisis point to five sources of instability.

But, if this is to become a decisive turning point in the eurozone crisis, three things must happen.

Doctors use the word crisis to describe the point at which a patient either starts to recover or dies.

Kindleberger s point is that avoiding a crisis and when failing to avoid one, successfully exiting from it requires leadership.

But that misses the key point Spain, Ireland, and many other distressed countries ran budget surpluses before the crisis.

The European Union may be the sole excep tion to this axiom, though its current crisis tends to prove the point.

The notion of concerted lending was applied in the big Mexican crisis of 1994 95 and in the East Asian crisis of 1997 8. The whole point of crisis management was to avoid risks to the system and thus bankruptcy.

With household consumption accounting for about 70 of the US economy, that 2.7 percentage point gap between pre crisis and post crisis trends has been enough to knock 1.9 percentage points off the post crisis trend in real GDP growth.

Proponents of the post American view point to the 2008 financial crisis, the prolonged recession that followed, and China s steady rise.

The only point in common with the interwar results seems to be that economic crisis then as now strengthened the radical left.

The current crisis has been brewing for some time, but the breaking point came when anti government protestors occupied Bangkok s main airport.

To contain today s financial and economic crisis, Europe will also need to continue the cooperation that it has shown up to this point.

WASHINGTON, DC Central banks around the world have finally reacted to the global financial crisis by engineering a coordinated half point interest rate cut.

Turkey s unemployment rate is currently at its lowest point in a decade, and the public debt ratio is significantly below the pre crisis level.

Managers take more risks in search of higher returns to justify their pay, which at some point will lead to risk mispricing, and a crisis.

But it illustrates a simple point Europe is trying to achieve a stronger federal model that responds to the weaknesses revealed by the eurozone crisis.

One obvious point is that it is hard to identify a clear relationship between the financial industry s structure and success or failure in the crisis.

The third point is more diagnostic The shockingly anemic pattern of post crisis US consumer demand has resulted from a deep Japan like balance sheet recession.

They start in 2006 because that seems to be the point at which some financial firms took on the risky positions that led to the crisis.

Point K critical point.

From a political point of view, the crisis has been portrayed as a failure of financial regulation, with irresponsible lending fueling a rapid rise in systemic risk.

Following Ireland, Greece is now the second euro zone member to have gotten into massive payment difficulties due to the crisis, almost to the point of national bankruptcy.

Renewed risks of financial instability point to the fourth and final surprise the failure to recast major contributors to the crisis in a credible, sustainable, and socially responsible manner.

I don t have a crystal ball, but I m certain that several years from now we should be able to look back at the Georgian crisis as a turning point.

Given the many divisions inside the Union, Europeans will probably muddle on, until a serious crisis forces them to act, by which point it could well be too late.

Given Geithner s extensive international crisis fighting experience at the US Treasury, the International Monetary Fund, and the New York Federal Reserve, his current naiveté on this point is simply stunning.

NEW YORK The Chinese often point out that in their language the character for crisis and opportunity are one and the same. But, while it is indeed true that crisis and opportunity often go hand in hand, it is difficult to see much opportunity in Europe s current circumstances.

It is now mired in an existential crisis more profound than at any point since 1945. And, while muddling through is a characteristic response of complex political systems, it is deeply destructive.

If not reversed, this combination of very loose fiscal and monetary policy will at some point lead to a fiscal crisis and runaway inflation, together with another dangerous asset and credit bubble.

The obvious answer is that we do not have time Chapter 11 procedures are generally long and complex, and the current crisis has reached a point where time is of the essence.

This approach appears to work until domestic aggregate demand can no longer sustain growth and employment, at which point it ends in either gradual stagnation or a violent financial and economic crisis.

Innovation Crisis or Financial Crisis?