China won’t grow the world out of its economic funk, Ambrose Evans-Pritchard says, nor will Europe given the trouble on its Eastern doorstep. The US has the means of to turn the tide if the Fed employs the equivalent of monetary “shock and awe”, forcing 10-year note yields down to 1% and 30-year mortgages to 2.5%.
As always, an interesting read from a guy who has rung many alarm bells before the rest of the pack over the last year.