Global Growth is Dead...Prices are a Question Mark. https://www.zerohedge.com/markets/how-china-getting-double-whammy-global-demand-collapse-now-following-supply-crash-earlier The contraction of both AS and AD is a death blow to growth. The effect on prices is contradictory giving two possible directions depending on the magnitude of each contraction. Prices fall (IEF loves) if the AD contraction is greater than the AS. Prices rise (TIP/GLD loves) if the AS contraction is greater than the AD. What this does mean is anything depended on growth: stocks, junk bonds, 'investment' grade corporates, are toast.
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