Sublime

Bonds—In general, interest rates fall with deflation and, because the value of a bond is

adapt to a rapidly changing, global economy.

The difference between posted GDP growth rates and real increases in wealth shows up as excess debt. Eventually the imbalances this misallocation creates have to be resolved, and the wealth destruction has to be recognized as debt levels are paid down.

First,

points to imbalances between production and consumption in the major economies as the primary source of monetary instability.

A recent crisis

Finance: the management of money and monetary assets.

Economic data

interconnectedness of the global economy is creating increased volatility.