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Bear on the prowl

Headline: Bear on the prowlSource: EuromoneyDate: September 2001         David Malpass David Malpass, chief international economist at Bear Stearns, in a speech last month to the National Economists Club in Washington outlines the view that the world economy is entering a long, “saucer-shaped” slowdown. The nub of the problem is deflation, reckons […]

January 1, 2000

Headline: Bear on the prowl
Source: Euromoney
Date: September 2001

       
David Malpass
David Malpass, chief international economist at Bear Stearns, in a speech last month to the National Economists Club in Washington outlines the view that the world economy is entering a long, “saucer-shaped” slowdown. The nub of the problem is deflation, reckons Malpass. The flip side of the greenback’s repeated 10% year-on-year gains is a drop in commodity prices of roughly the same amount. That’s going to result in hard knocks for many economies.



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