Everybody’s In A Recession Except The Good Ol’ USA

If it feels to you like every important economy besides the US (and India) is in a recession, it's not your imagination. China doesn't meet the technical definition, but Xi Jinping's struggling with deflation, domestic demand's anemic and local equities are on state life support. It's a "recession with Chinese characteristics," to adopt and adapt Party lingo. Germany's in an intractable malaise and the worst commercial real estate downturn since the financial crisis could make things considerab