Composite leading indicators (CLIs) for September 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to a slowdown in economic activity in most OECD countries and major non-member economies.
Compared to last month’s assessment, the CLIs point more strongly to slowdowns in all major economies. In Japan, Russia and [...]
The global community is learning that you actually have to produce something to make an economy grow. That is, you can’t grow by debt alone. And to grow you need capital, real capital, not just pieces of paper printed by some monetary authority. Real capital comes from profits saved from production and labor. If you [...]
This came out today from the OECD, the May, 2011 leading indicators, which shows OECD countries pointing to a slowdown. The white triangles are OECD’s call for a slowdown. Need I explain why money pumping stimulus doesn’t work?