Excerpt
Excerpt
World's Economic Slowdown is a Hangover not a Coma. Kenneth Rogoff, October 9, 2015, Opinion. "What is the right diagnosis of the ailing global economy? Seven years into the global financial crisis, the International Monetary Fund is still marking down its global growth forecasts, now to the lowest level since 2009. Some argue that we are living in a world of deficient demand, doomed to decades of secular stagnation. Maybe. But another possibility is that the global economy is in the later stages of a debt "super cycle", crushed under a burden accumulated over years of lax regulation and financial excess." Link