Goldman Warns "The Global Economy Is Going Round In (Smaller & Smaller) Circles"
by Tyler Durden on 07/31/2015 20:40 -0400
Amid the collapse in commodities, crashing Chinese stocks, the weakest US wage growth in US history, and a data-dependent Fed; Goldman Sachs fears the new normal is 'shorter-and-faster' business cycles with no persistence primed by monetary policies. Most wprryingly, they conclude, will short business cycles beget shorter business cycles?
As Goldman notes,
In other words, will short business cycles beget shorter business cycles?
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