Economic growth

Etusivu/Economic growth

The end of the ‘Chinese Miracle’

|2020-01-10T09:31:14+02:0010 tammikuun, 2020|China, Economic growth, English, Financial crisis, Global depression, Global economy|

We have been following China closely for nearly four years. We first warned about the unsustainability of China’s growth in March 2017 and have continued to issue w...

Don’t trust the liquidity

|2019-11-05T17:41:36+02:0012 syyskuun, 2019|Central banks, China, Economic growth, English, Financial crisis, Global economy, Recession|

There is renewed hope in the markets after central banks, most-recently the ECB and China, have added easing measures. The working narrative is that these will, once again, renew global growth and allow governments, corporations and consumers to go e...

Kommentit pois päältä artikkelissa Don’t trust the liquidity

A tale of two deflations

|2019-10-10T08:02:08+03:005 elokuun, 2019|Central banks, Economic growth, English, Financial crisis, Recession, Zombie companies|

This post has been co-written with Dr. Peter Nyberg. Japanification is a term that has re-emerged recently.  It r...

Kommentit pois päältä artikkelissa A tale of two deflations

It works, until it doesn't

|2019-10-10T08:02:44+03:0026 heinäkuun, 2019|Central banks, China, Economic growth, English, Financial crisis, Global economy, Recession|

As expected, increased ’dovishness’ by the Fed has gotten markets rallying. Both the S&P 500 and DJIA have touched new highs. From the perspective of late last year, such massive rallies seemed unlikely indeed. While some kind of a Fed pivot was ...

Kommentit pois päältä artikkelissa It works, until it doesn't

The dangerous zombie infestation (of the world economy)

|2019-03-13T13:25:17+02:0011 maaliskuun, 2019|Economic growth, English, Financial markets, Global economy, Zombie companies|

It is estimated that over 14% of companies in the [...]

Kommentit pois päältä artikkelissa The dangerous zombie infestation (of the world economy)

Q-review 1/2019: Why the global growth model is broken

|2019-03-05T20:47:16+02:005 maaliskuun, 2019|Central banks, Credit, Economic growth, English, Eurozone, Global economy, Growth forecasts, Stock market, USA|

For some years now, we’ve been very wary of the [...]

Kommentit pois päältä artikkelissa Q-review 1/2019: Why the global growth model is broken

The failing engines of global growth

|2019-10-10T08:11:26+03:0017 helmikuun, 2019|Central banks, China, Economic growth, English, Global economy, Zombie companies|

The global slowdown has been much discussed lately. A slowdown in Europe and China was considered to be the main reason for the December stock market rout combined with the balance sheet normalization (QT) program of the Federal Reserve. What is behi...

Kommentit pois päältä artikkelissa The failing engines of global growth