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A Vicious Cycle
Tuesday, October 16, 2012 8:22
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A global economic slowdown is well underway. Central banks have responded with fresh rounds of stimulus, as anticipated by financial markets. But just as the economic recovery of 2009-2011 was largely artificial and thus disappointing, so the unfolding slowdown is going to result in a few nasty surprises. Butler discusses some of the more important implications of the current ‘vicious’ cycle, in which unseen damage is being done to the global economy. As the damage becomes apparent—perhaps soon—equity market valuations are going to take a hit. Continue reading
2012-10-16 08:16:12
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