Bloomberg/William Horobin/9-19-2019
“Intensifying trade conflicts have sent global growth momentum tumbling toward lows last seen during the financial crisis, and governments are not doing enough to prevent long-term damage, the OECD said in its latest outlook.”
USAGOLD note: We cited this OECD report in yesterday’s DMR. Sounds very much like the mindset during the 1930s and Roosevelt’s New Deal. The OECD’s call on governments to do more is expressed often in top analytical circles where the view prevails that central banks have pretty much run out of ammunition.
