IN THIS EDITION A VICIOUS CYCLE Economic data the world over indicate that a global economic slowdown is well underway. Central banks have already responded with fresh stimulus, as anticipated by financial markets. But just as the economic recovery of 2009-2011 was largely artificial and, thus, disappointing in key respects, so the unfolding slowdown is going to result in a few nasty surprises. In this Amphora Report I discuss what I believe to be some of the more important implications of the current, ‘vicious’ cycle, in which unseen damage is being done to the global economy. As the damage becomes…
US Homeowners' Equity is Nowhere Near 2006 Levels
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