It would be wrong to think last week’s global market gyrations signal a return of the eurozone debt crisis. Sovereign bond spreads in the eurozone did not move by much, except in Greece. What happened last week is something rather different.

Source: www.ft.com

Interesting that the ‘secular stagnation’ narrative is convincing more economists and pundits. How long before they will recognise that we have entered the post-growth era?

See on Scoop.itThe Great Transition