Another international skills-set survey sees America in bottom place among 18 industrial countries. Debating why the U.S. economy is so sluggish. Credit-card debt at an all-time high. Another word on negative interest rates. China’s shadow banking sector keeping the system alive. Relations between China and the U.S. deteriorating rapidly. The BIS is always prescient when it comes to forecasting. Hear what they have to say now. Robots are gradually taking over from doctors, especially with regard to diagnosis. The ECB must tolerate continued deflation which it is powerless to stop. The Greek economic crisis: no solution. Don’t make important decisions late-in-the-day! Final comment about the ‘happiness’ piece I did here last week.
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