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.


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