This is not a signal of global reflation, or synchronised growth, but the evidence of secular stagnation caused by constant demand-side policies.
This is not a signal of global reflation, or synchronised growth, but the evidence of secular stagnation caused by constant demand-side policies. pic.twitter.com/nhcBfnrCED — Daniel Lacalle (@dlacalle_IA) September 17, 2018 terrible miss NY FED MFG — US SLOW DOWN COMING? …