Surveys sounded warning bells for the global economy on Thursday as euro zone businesses grew less quickly than any forecaster expected and China's factories lost momentum.

Schulte Research Chief Executive Officer and Chairman Paul Schulte says the situation in Europe is spreading deflation all over the world right now.

SHOWS: HONG KONG, CHINA (NOVEMBER 20, 2014) (REUTERS - ACCESS ALL)

1. SLATE, READING (English): 'WHAT ARE YOUR VIEWS ON THE EUROPEAN MARKET?'

2. SCHULTE RESEARCH, CHIEF EXECUTIVE OFFICER AND CHAIRMAN, PAUL SCHULTE, SAYING:

'I am afraid so, I think that the, you know I have been writing in my research for many months that Europe is a complete mess. You have a combination of insufficient capital, ongoing legal problems, Level 3 assets, non-performing loans and an ECB which is unwilling to do what it needs to do to resuscitate the situation and so Europe is spreading deflation all over the world right now, you have most of Europe in deflation right now which is a super dangerous phenomenon for a continent mired in problematic corporate debt and so I think the Fed can't move as long as Europe is in the problems that it is in.'

3. SLATE, READING (English): 'WHAT DO YOU MAKE OF JAPAN'S STORY RIGHT NOW?'

4. SCHULTE RESEARCH, CHIEF EXECUTIVE OFFICER AND CHAIRMAN, PAUL SCHULTE, SAYING:

'I think that if you have elections it is possible that he will actually, could possibly strengthen his cards, but in any case here is what's happening right so just buying more government bonds is not going to do the trick. The reason why the quantitative easing in America was a success is because Bernanke knew from the start you have to buy risk assets. So the Fed bought a 1.5 trillion dollars of risky private sector mortgage backed securities. The Bank of Japan is going to have to engage in private sector purchases. I think the smartest thing they have done so far is to buy that Nikkei 400 good corporate governance index, I think was extremely smart. They have to do more of that, and less of buying JJB's because buying JJB's alone won't work.'

5. SLATE, READING (English): 'DO YOU THINK IT'S FAIR FOR THE RESERVE BANK OF INDIA TO WORRY ABOUT THE COUNTRY'S INFLATION?'

6. SCHULTE RESEARCH, CHIEF EXECUTIVE OFFICER AND CHAIRMAN, PAUL SCHULTE, SAYING:

'Yes, I mean I was in Delhi last week and I was shocked to hear that the Reserve Bank of India is worried about inflation right so here you have the Indonesia worried about inflation, the U.S. worried about inflation, India worried about inflation. Look at what's happening with inflation all over the world. Inflation in India is collapsing; inflation in China is 1.5 percent. Look at the inflation headquarters in Asia, Vietnam. Vietnam's inflation is now 3 percent, right, so everywhere we are seeing - and Indonesia has gone from 6 to 3, India 12 to 5, China 4 to 1.5, right, Vietnam 16 to 3. We are seeing a world with tremendous disinflation, for a central bank like the Reserve Bank of India to be worried about inflation is craziness, the yield curve in India is inverted, the RBI should be cutting rates immediately.'