This week’s Inside the Economy with SH&J highlights an update on the global economy. Germany appears to be a bright spot within the European Union with a budget surplus in 2015 despite global trade trending down, particularly in China. After recording a trade deficit with China for 2015, Germany is now seeking to make the United States their primary trading partner. Japan is also seeing a downturn in output and could be in recession by this summer. Listen in to hear more on the ECB’s continued quantitative easing, the flood of refugees into Germany, and comments on Emerging Market debt.
The S&P 500’s possible correction, the surprise of the Yuan’s devaluation and the Fed’s looming decision are all topics covered in this week’s Inside the Economy with SH&J. Larry also touches on the decline in mortgage delinquencies and overall consumer debt, and gives some commentary on student debt. Listen in and get up to speed on the U.S. and global economy.