Wall Street Breakfast: Must-Know News [View article]
OECD sees global economy slowing. The global economy appears to be slowing, and most developed and large developing countries are already in a downturn, according to the OECD's latest composite leading indicators. It's the second month of decline for the forward-looking CLIs, which are designed to provide early signals of turning points between economic expansion and slowdown, and "the outlook given by the CLIs for Canada, France, Italy, the United Kingdom, Brazil, China and India points strongly to a downturn." ______________________...
Against this backdrop, further QE, continued structural imbalances, and extreme international currency and capital strains, it's only appropriate that the market rally to new highs.
Wall Street Breakfast: Must-Know News [View article]
______________________...
Against this backdrop, further QE, continued structural imbalances, and extreme international currency and capital strains, it's only appropriate that the market rally to new highs.