A Global Day of Reckoning Awaits: Mish Shedlock

Friday, June 12, 2015
By Paul Martin

June 12, 2015

The global economy is clearly slowing led by Asia and the US. Europe has seen some improvement recently, but it’s based on the beggar-thy-neighbor tactics of QE. For a while, nearly a third of European government bonds traded with negative yields.
This is outright lunacy in any market, and even more so if one buys into the recovery thesis.
No structural problems have been fixed in Europe or elsewhere.
A global day of reckoning awaits.

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