The quiet realisation that the world economy is in trouble is gathering pace. Larry Elliott is talking about it in the Guardian. As he suggests, after noting that the European Central Bank is looking at a further round of economic stimulus in 2016:
This is a time for caution. The fact that central banks feel the need to provide more stimulus more than six years into a recovery is not a reason to load up on shares or, indeed, any risky assets. Rather, it is a sign of trouble ahead. If the global economy requires a fresh growth boost, it means that an already feeble recovery is waning. If it doesn’t, it means there is a heightened risk of a new financial crash or higher inflation.