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So It Begins—Now Comes The Macro Downgrade Cycle
10-11-2018, 07:58 AM,
#1
So It Begins—Now Comes The Macro Downgrade Cycle
So It Begins—Now Comes The Macro Downgrade Cycle

There is something similar and similarly tragic that takes place in the wider macro context. The perpetual optimism of each global reflation is at first always extrapolated to the most extreme. The reappearance of positive numbers in whichever set of economic accounts is converted into the definitive sign that the economy will go on forever […]


http://davidstockmanscontracorner.com/so...ade-cycle/
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