“We’re Now Just One Big Shock Away From A Global Downturn”
by Bill Bonner via Bonner & Partners (annotated by Acting-Man.com’s Pater Tenebrarum),
ZeroHedge.com
11/24/2015
The Fed is talking about increasing the federal funds rate – eventually getting rates back to “normal” – because the U.S. economy is so healthy. Meanwhile, the world heads toward deflation.
Says Ruchir Sharma, head of emerging markets and global macro at Morgan Stanley Investment Management:
“We are now just one big shock away from a global downturn, and the next one seems most likely to originate in China, where heavy debt, excessive investment, and population decline are combining to undermine growth…”
But it looks to us as though the global downturn is already here. First, the Baltic Dry Index is at a record low.
The Rest…HERE
