Tuesday, September 27, 2016

Decades Ago We Binge Borrowed Growth From
The Future .. That Future Has Arrived 
Danielle Park: "Excessive leverage 2005-2015 brought forward years of what would have been future demand and booked it as sales in the present, now the future has arrived and the world economy is slumping into the demand pothole this behavior left for us. While many so called experts are surprised, no one should be. We have earned an equal and opposite mean reversion period." .. suggests listening to Gary Shilling on rising inflation, the prospect of a Federal Reserve rate cut & the lack of ammunition for the Federal Reserve to combat a slowing economy.
link here to the reference
LINK HERE to the Bloomberg video

No comments: