Atlas was the primordial Titan in Greek mythology who held up the
celestial spheres. In somewhat similar fashion, the United States “is carrying the world economy at the moment, [but] that is
simply not sustainable,” Canadian Finance Minister Joe Oliver recently
remarked. “Collectively, [the leading indicators] suggest that the U.S. is not
immune to a global slowdown,” agreed Charlie Bilello, research
director at Pension Partners. “From easy monetary policy to plummeting yields
and inflation expectations, the U.S. looks very much like its global peers.”
So, will “Atlas” shrug and allow the global economy to fall? Perhaps the
following observations will provide some answers.
Click here to read
the rest of the February 2015 Macro Pulse
recap.
The Macro
Pulse blog is a commentary about recent economic developments affecting the
forest products industry. The monthly Macro Pulse newsletter summarizes the previous 30 days of commentary available on
this website.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.