Thursday, April 27, 2017

Around the World


A summary macro tour through some of the world’s largest economies in the first half of 2015. Conclusions: the commercial economy is rolling over worldwide and analysis of discrete economies reveals a consistent pattern: overcapacity among over-levered manufacturing and service sectors is being met by contracting global demand from over-levered consumers.


August 5, 2015, VOL. XV, NO. IV