First is Nouriel Roubini reminding us that although we are likely to see a couple of positive growth quarters born of government stimulus, there are significant problems still overhanging the world recovery and why the Euro zone is in worse shape than the US. See Ambrosetti forum 2009: The Rising Risk of a Double Dip.
And from the World Economic Forum meeting in China this week, FANG XINGHAI, Director-general of the Shanghai Metropolitan financial services office, on the need for China financial reform and why Chinese people are culturally averse to spending on credit. See Fang Xinghai on The need for China financial reform.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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