Outlook for the World Economy
Many erroneously believe that we are heading into a sustained… Read More »Outlook for the World Economy
Many erroneously believe that we are heading into a sustained… Read More »Outlook for the World Economy
It is estimated that over 14% of companies in the S&P 1500 are zombies. In China, roughly 20 percent of A-sha…
The world economy has never faced a more perilous situation. While many have just started to debate whether a recession will start in 2019 or 2020, very few perceive the ‘black hole’ the global economy is about to get sucked into.
The hole has two…
Economists have been somewhat slow to see the threat of China on the global economy, the threat we have been warning since March. Within the last two months, however, the debate has changed a lot. S&P cut China’s credit rating and even the IMF warned about the risks of China. The problems of China can be summarized in two figures indicating that the economy of China is both over-levered and over-invested.