Day: October 7, 2015

‘Made in China’ recession

Originally posted on mirco balatti:
The world economy will remain vulnerable to adversity until China has completed its transition to a more balanced pattern of growth, and the high-income economies have recovered from their crises. That is still far away. A global growth-recession scenario “made in China” is perfectly plausible. FT.com

Wolf on liquidity and conventional wisdom

Originally posted on mirco balatti:
If liquidity is such a fickle friend, should we hanker after it at all? Would it not be better if investors understood that the assets they own might not be liquid in all circumstances and made investment decisions on that assumption? FT.com