Macroeconomics

The global economy took a breather last week after the sharp correction of the asset markets and a rebound – at least prices were settling.

However, one really can’t gain much confidence yet. More people are beginning to discuss market stabilities, with books published that are critical of the economies of the Western world and the spread between rich and poor. The major criticism derives from wealth creation related to asset price rises, ie non-productive gains in correlation to labour-related incomes.

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