The market was rocked by several data points coming from across the globe on Friday. The Chinese miss in GDP growth was especially concerning for investors as they look at both Europe and China now as possible issues going forward for the global recovery.
The miss in jobs numbers also reaffirmed the Fed’s position that the labor market lacks long term sustainability and they will have to continue their accommodative stance on monetary policy. The risk is becoming all too real that the economies of the world may be mired in a period of stagnation similar to what Japan has been experiencing since the 1990s.
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