Confirming a second global growth slowdown as Trump tries to consolidate power

The big picture: deflation is back

There was a global growth slowdown that I flagged late in 2014. And it came to the fore in 2015, derailing the US economy and pushing the Fed's rate hike timetable back. Here we are with another one. I flagged it earlier this year in March and April and again in April. I believe it is now being confirmed.

And yesterday m…