How bad is the global slowdown? Examining the three main economies – MM #187

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Everybody is talking about the global slowdown. Central banks all over the world have responded, but also governments need to do something. Are they doing enough?

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  1. US:  The world’s No. 1 central bank made an abrupt U-turn by removing rate hikes off the agenda and announcing an early end to the balance sheet reduction program. The government is already on a spending spree.
  2. China: The world’s No. 2 economy unleashed credit by loosening monetary policy and government spending is also stimulating the economy. This came in the face of the trade war with the US which is now waning.
  3. Europe: The old continent is the sick man of the world. The ECB does not have a lot of ammunition and a lot depends on Draghi’s successor. Italy is in recession and Germany isn’t doing much better, but both countries are not doing enough to stimulate the economy.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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