Wednesday, October 15, 2014

Dan Henninger: A Year of Living on the Brink - WSJ - WSJ

Liberia, ISIS, Ukraine, Hong Kong, a hospital fighting Ebola infections in Dallas, the year’s stock-market gains obliterated, and I almost forgot—just last week Secretary of State John Kerry warned that climate change could end life as we know it.

Then this week the clouds parted and the year’s best news arrived: Led by Europe’s sinking economies, global economic growth is falling, taking stocks and bonds with it, and the world’s central bankers say they have run out of ideas on doing anything about it.

How this is good news requires explanation.


DH is great.

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"taking stocks and bonds with it": what rubbish. In many countries the yield of sovereign bonds has gone down, which means the price of the bonds themselves has gone up. As in up, up, up. Eventually, no doubt, this will change; hell, eventually anything might happen. But for the time being your guru is talking tripe.

Posted by: dearieme | Oct 16, 2014 3:16:04 AM