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Stagflation With Chinese Characteristics

China’s GDP numbers last week confirmed suspicions that China’s economy is slowing. But not to worry, the central bankers of the world will ride to the rescue. Every investor has been conditioned better than one of Pavlov’s dogs to expect that any indication of a slowing economy will bring in another acronym for printing money. […]

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Stagflation With Chinese Characteristics

China’s GDP numbers last week confirmed suspicions that China’s economy is slowing. But not to worry, the central bankers of the world will ride to the rescue. Every investor has been conditioned better than one of Pavlov’s dogs to expect that any indication of a slowing economy will bring in another acronym for printing money. […]

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Morgan Stanley at

Morgan Stanley CEO James Gorman on Fox Business Network in April. (Photo: AP) The head of Morgan Stanley (MS), which reported fourth-quarter earnings Friday that beat market expectations, said the firm has reached a critical juncture in its turnaround. “After a year of significant challenges, Morgan Stanley has reached a pivot point,” said CEO James […]

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