These Six Drivers Are Gone, and That's Why the Global Economy Is Toast

The global economy is toast. All that's left is the distribution of the burned bits.

The six one-offs that drove growth and pulled the global economy out of bubble-bust recessions for the past 30 years have all reversed or dissipated. Absent these one-off drivers, the global economy is stumbling off the cliff into a deep recession without any replacement drivers. Colloquially speaking, the global economy is toast.

Here are the six one-of…