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Daily Archives: November 22, 2021
McKinsey: Inflated asset prices leave economy and net worth vulnerable
A McKinsey report published this week examines how productively we are using global ‘wealth,’ and the conclusion is, not very. While global net worth (asset prices- liabilities) has tripled since 2000, the increase mainly reflects financialized gains in assets, especially … Continue reading
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Leland: China slowing more than people think
China’s economy is slowing more than people think and the outlook is for weaker growth going forward as the government is unlikely to step in with significant stimulus, according to Leland Miller, chief executive officer of China Beige Book. “The … Continue reading
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