With manufacturing growth in China and India showing poor numbers, Joe Quinlan thinks we are in the middle of a global manufacturing recession.  This isn't surprising given the trade wars. In fact, the resulting ultra low interest rate phenomenon is what is driving companies like Apple to borrow to pay dividends.

<p>With manufacturing growth in China and India showing poor numbers, Joe Quinlan thinks we are in the middle of a global manufacturing recession.&nbsp; This isn't surprising given the trade wars. In fact, the resulting ultra low interest rate phenomenon is what is driving companies like Apple to borrow to pay dividends.</p>

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