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A Look Into the Abyss: As the World Descends Into a Much-Heralded Recession This Will Be the Big Surprise

September 08, 2023

The world is descending into a much-heralded recession but it will be much worse than anyone imagined.

A Look Into The Abyss

September 8 (King World News) – Alasdair Macleod: As the world descends into a much-heralded recession, the surprise will be that interest rates will continue to rise as economic activity contracts. This is not what the economic establishment expects.

This article puts the outlook in the context of classical economic theory, when it was the principles behind the division of labour which went unchallenged.