Let’s reverse the rollercoaster back past this double dip to the first, the initial drop into US recession, post-Wall Street massacre, as a freshly minted President rose to be inaugurated.
Global markets
Crunch time looms for US economy but China’s holding up
It’s Groundhog Day for the the global economy — May was a rough month and June has started worse with the first day seeing another big fall on global markets last night.
Business As Usual: $1b write-down for Foster’s … Rough time for global markets … iPhones for 97 bucks …
Foster’s to separate wine and beer, tens of billions of dollars were wiped off global markets, US consumers are unmoved, a new iPhone is on the way, so the price plummets and other business news.
The Economy: The coming intergenerational struggle
“Is the US Fed and the ECB running global monetary policy, or are we in the hands of those with little or no independence from political, in some cases undemocratic, government?” This is Henry’s editor’s question of the week.
