Data for exports showed an 8.9 per cent slump in July from the same period a year before. Analysts expected exports to fall only 0.3 per cent, so this was a huge miss.
Eight signs a global market crash is imminent as central banks lose control
LONDON – When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.
