• The global economy is 'already on an irreversible path' to a downturn, Nomura says

    5 monthes ago - By Chron

    In the life of a decade-long credit cycle, the global economy's current condition shows it's firmly heading toward a downturn, according to a new analysis from Nomura.
    A single cycle is historically a decade long. The beginning is marked by the end of a crisis/a cyclical bottom, and ends when credit contracts and the economy enters into a recession.
    The global economy today is within what Nomura calls the "credit expansion/last stage," heading toward a plateau and then a downturn.
    One Wall Street strategist warns the end of the global economy's current cycle is near.
    In fact, the...
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