Downhill dangers for the global economy

The bond market warning is just one danger for Asian economies as Trump zigs and zags in his handling of US economic policy

The five most dangerous words in economics are "this time things are different".

Analysts usually engage in such terms when events do not correspond to their models and hypotheses. Sometimes, though, the phrase is apt in explaining where markets are this year.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on August 16, 2019, with the headline 'Downhill dangers for the global economy'. Print Edition | Subscribe