06-20-2016, 08:16 PM
http://www.bloomberg.com/news/articles/2...an-stanley
Quote:To understand today’s global economy, look back 80 years.
Just like in the 1930s, growth is being constrained by companies unwilling to spend, falling inflation expectations and governments backing away from fiscal stimulus.
The trigger for the current malaise was the financial crisis that left a hangover of debt and deleveraging amid tighter banking regulations that are exacerbating deflationary pressures. It’s similar to the kind of shock that preceded the 1930s slump, according to an analysis by Morgan Stanley economists led by Hong Kong-based Chetan Ahya...
http://www.bloomberg.com/news/articles/2...an-stanley