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Ghost of Igloi
RE: Down goes the Dow
There are many pieces of data supporting my general comments. Many of these items are in the media, but get filtered out by less scholarly pieces.

I consider myself an informed optimist.

I found this today:

Bank of International Settlements Annual Report, 28 June 2015

"Is the unthinkable becoming routine?"

“The global economy is growing again at rates not far from the historical average. Lower oil prices should boost it further in the near term even as they temporarily put further downward pressure on prices. But not all is well. Debt burdens and financial risks are still too high, productivity growth too low and room for manoeuvre in macroeconomic policy too limited. Global economic expansion is unbalanced. Interest rates that have been extraordinarily low for exceptionally long are the outward sign of this malaise.”


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