Global Finance Entering “Twilight Zone” Says Macquarie
We’ve entered into a “Twilight Zone.”
That’s according to Viktor Shvets, a strategist at Australian bank Macquarie in Hong Kong. In a big note out this week, Shvets set out his bearish view on the global economy
“Our key global message has remained unchanged since GFC.
There would be no growth; no trade; no return to conventional business and capital market cycles for years to come.
The global economy is likely to remain stuck in low (stall-speed) equilibrium; while most investors are concerned about recessions, far greater danger is a persistent low equilibrium, accompanied by unpredicatble cross currents. Like a “low grade fever” it has a debliitating long-term impact and permanently alters human behaviour and investment landscape.
Macro and investment environment is likely to be characterized by no relief and no escape velocities, with declining effectiveness of government policies…”
Related articles across the web