Just in time to follow closely upon yesterday’s European circus, IHS Markit piles on with more of the same forward-looking indications looking forward the wrong way. Mario Draghi says the ECB is ending QE, good for him. The central bank will do this despite balanced risks rebalancing in a different place. The more bad news and numbers stack up the more “they” say it’s nothing just transitory roughness. Globally synchronized growth is dead, that much is for certain. There wasn’t much decoupling anywhere in between. In between what? This is how it always goes, each and every time. From 2003 to 2009, it went: globally ... (full story)