by Gordon T. Long
CENTRAL BANKERS FIGHTING AN UNPRECEDENTED GLOBAL SLOWDOWN
The mainstream news sources seem determined to ignore the extent of the global slowdown in trade. Whether exports, imports, industrial production or whatever your preferrred metric, the facts are undeniable. Nevertheless, the mainstream media chooses to refuse to cover it. It begs an obvious question of – why?
[…] What needs to be understood about the global economic slowdown is that it stems from economic activity in the two engines of world activity which are now stalled. China and America (“Chimerica”) are slowing rapidly as a result of an inability to fundamentally sustain their current credit expansion rates. Desperate attempts by both countries have been unsuccessful in altering the downward trajectory which is steadily gaining momentum.