Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
It was very dull day to finish 2015 but not really surprising given the performance we have seen for the year. Shanghai has finished the year up 9.4% but it was the smaller Shenzhen Composite with a YTD gain of … Continue reading