It’s the end of the world economy as we know it — and we feel fine. Featured on Salon.com in a sobering analysis of “Our myopic focus on Trump and Clinton has blinded us to a looming debt crisis and a global economy on the precipice” by Bob Hennelly @stucknation
Peter Kenny, a senior market strategist for the Global Markets Advisory Group, agreed the central banks’ monetary policy approach has been overplayed and increasingly disconnected from its results.“Monetary policy, without coordinated fiscal policy will ultimately fail,” Kenny wrote to Salon. “A classic case in point can be found in the EU at the moment. The EU is mired in stagnant growth while the ranks of the unemployed remain bloated —particularly in the demographics that should reflect the opposite” he said referring to those 24 to 40.