IMF chief economist: “below the surface…turbulence is building, and the situation is quite fragile as the recent bout of banking instability reminded us,” adding that the odds of a recession have “risen sharply.”

IMF: “Turbulence is building,” “hard landing” ahead for global economy. “Below the surface … turbulence is building, and the situation is quite fragile, as the recent bout of banking instability reminded us,” IMF director of research Pierre-Olivier Gourinchas said in …

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U.S. stocks are off to a rocky start in 2022. Under the surface, things are even more volatile; The Big Four Indicators, turn down?

U.S. stocks are off to a rocky start in 2022. Under the surface, things are even more volatile. https://t.co/llnLKx8GyI via @WSJ — WSJ Graphics (@WSJGraphics) January 19, 2022 🇺🇸Michigan Consumer Sentiment extremely weak👎 pic.twitter.com/TxTmoLIPx7 — Antonio Pérez-Algás (@apanalis) January 19, …

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Beneath the Surface of Brexit

by Charles Hugh-Smith Geography matters, the balance of power matters, and democracy–it’s not yet clear if democracy matters or not. I’ve been asked to comment on Brexit. I’m happy to do so, but not by promoting a position yes or no, or by attempting …

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