by Michael J. Howell16. October 2015 10:32Deteriorating US corporate finances are already curtailing new orders and depressing industrial activity. Negative economic surprises are building. Near-zero short-term interest rates and even falling long-term rates seemingly have little punch. In fact, could this be the first recession heralded by a fanfare of falling, not rising, interest rates? This seems a puzzle, but it may not be. The issue for markets is always weak funding, not high interest rates.
128f5d5d-19e9-4708-b52c-1247adbc63a2|3|3.7|96d5b379-7e1d-4dac-a6ba-1e50db561b04
Tags: