“The European Central Bank has only limited tools at its disposal to respond to economic weakness while European governments are not prepared to respond with spending.”
“The economy will no doubt continue to worsen in 2019 and 2020. Many Australians will see their so-called wealth evaporate and many will suffer significant financial losses.”
To borrow a phrase from Wimpy (of Popeye cartoon fame), the US consumer will gladly pay you Tuesday for a hamburger today, as the insatiable American appetite for unearned consumption continues.
— Adam Tooze (@adam_tooze) March 5, 2019
not a "glitch" pic.twitter.com/tkuuvPOzmy
— Alastair Williamson (@StockBoardAsset) March 5, 2019
Global Corporate Bond Index hits a wall pic.twitter.com/ENGBFgpdPl
— Alastair Williamson (@StockBoardAsset) March 4, 2019