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.
David Llewellyn-Smith
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Latest posts by David Llewellyn-Smith (see all)
- It sure looks like Asia is in recession - February 18, 2020
- Scotty from Marketing rebrands wage theft - February 18, 2020
- How buggered is Chinese property? - February 18, 2020
YOU MAY ALSO BE INTERESTED IN
Net migrant arrivals soften to 294,000
The Australian Bureau of Statistics (ABS) has
Scotty from Marketing rebrands wage theft
Because rebranding is what he does best, at
How buggered is Chinese property?
It was already slowing in January pre-crisis,
Australia's Chief Doc ready to throw open borders to China?
I've just found this from six days ago: Chief