GIM - Fear The L
It's one thing if China registers a low ceiling or Brazil. That wasn't going to be possible this time in the developed world. Europe and the US were finally going to lead. That's what they said last year, anyway.
Markets are freaking out about the growing evidence for so many growth ceilings. The other term for it is an "L" shaped economic pattern. The economy, whichever one, they are all related by the eurodollar system, slows or contracts and then only comes back from it to an unusually small degree.
Economists and policymakers (redundant) are