Precarious Optimism As The Downgrades Confirm Infection

By |2019-07-23T16:57:18-04:00July 23rd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

According to IMF, “global growth remains subdued.” Since it was supposed to be roaring by now, this qualifies as a substantial downgrade. Financial positions were staked out on the premise there wouldn’t be one, certainly not a disappointment coming this soon long before the breakout could actually happen. That’s why there are downside risks in [...]