Government bonds and the US dollar are soaring today as risk markets tank across the board. Deflationary forces are taking the upper hand once more. Just the facts:
“Industrial production is lower now than in March 2008…we may want to start connecting the dots between what happened in 2008 and what’s happening now and viewing it as one longer-term episode where we still have to fix what’s wrong.”
Carl Weinberg, chief economist and managing director at High-Frequency Economics, warns of a global slowdown that could end up in a recession. Here is a direct video link.
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