Monday, December 1, 2014

ECB is its masterly inactivity hurting US recovery?

Black Friday spending has slackened. That makes US recovery a shade halting. With oil prices down, Germans are arguing against a stimulus as they feel the fall in oil prices is a bit of a stimulus in itself. The sloth of ECB seems to be adversely affecting the global growth and holding back the market leader USA. What is now needed is coordinated action by Chinese, European and Japanese authorities. With the Malyasian Ringitt falling, it is only time before asia is affected. Indonesia, it is to be recalled is an oil producer. So it is just about vulnerable. 

No comments:

Post a Comment