economy Markets

OECD Calls For ‘Urgent’ Action As Growth Outlook Slashed To Weakest Since Crisis

The trade war is "jeopardizing our economic future".

The trade war is "jeopardizing our economic future".
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3 comments on “OECD Calls For ‘Urgent’ Action As Growth Outlook Slashed To Weakest Since Crisis

  1. And…..cut to Larry “Growth Growth Growth” Kudlow to make an appearance refuting these claims of slowing global growth. Kudlow’s medicine for the US was tax cuts to juice his “Goldilocks Economy”. He got his tax cuts which did little for the economy while. Now we know he’s just fine inhaling Trump’s passed gas. Good job, Larry

  2. Spiritworld7

    It is likely there will be low growth ahead, but fiscal stimulus is about the worst solution in this catch-22. The problem is hoarding and m2 velocity and the embedded lack of investment in real long-term stuff. Our world currently thrives on short-term hyper fluid short term bets on synthetic derivatives, which end up generating profits for more and more billionaires, who don’t create anything but personal wealth, which is recycled into more short-term bets that drain growth from the people of Earth. Providing banks with more money to hoard will help to keep interest rates and inflation lower and continue to make long-term investment a dumb concept for anyone thinking about saving pennies from their huge increase in wages. The OECD is simply a group of people that like to have picnics and pretend they have a message that amounts to more than a pile of dead ants on a poisoned apple.

  3. “Deranged jingoism for a miserable world” this one lit me up

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