Terry Mccrann goes there today:
…all economies around the world are struggling.
Germany, the core of Europe, went backwards in its latest quarter; China has slowed to at best half the growth pace of recent years.
And it might be worse: The China miracle might be over.
The US is either just OK or teetering. And then add the trade and perhaps currency wars between the two big guys.
What bridges the “gap” between the world economies and world share markets is the near universal, near zero and even negative interest rates.
Adds no insight of course. But worthwhile noting it as a signal of declining sentiment.
If the foghorn is saying it then is must be true.