Home » Posts tagged 'recession' (Page 22)
Tag Archives: recession
It’s a Recession: Now, Who’s Hurting and Where?
It’s a Recession: Now, Who’s Hurting and Where? We asked economists from coast to coast to see how Canada is weathering the storm. Canada earned official recession status yesterday, a fact that pundits and politicians on the campaign trail wasted no time trying to spin. According to the latest Statistics Canada data, the country’s gross […]
Recession confirmed as Canada’s GDP shrank in 2nd quarter
Recession confirmed as Canada’s GDP shrank in 2nd quarter Canada’s economy expanded in June but declined by 0.1 per cent for the second quarter as a whole, meeting the bar of what is legally defined as a recession. The economy expanded by 0.5 per cent in June, Statistics Canada said. But that slight monthly uptick wasn’t enough […]
GDP figures from Statistics Canada expected to show second-quarter contraction
GDP figures from Statistics Canada expected to show second-quarter contraction Lower loonie expected to boost economy in third quarter Economists say data out this week is likely to show that Canada slipped into a technical recession in the second quarter, but the contraction should be short-lived. “A number of positive elements are coming through,” said TD […]
Say Goodbye to Normal
Say Goodbye to Normal The tremors rattling markets are not exactly what they seem to be. A meme prevails that these movements represent a kind of financial peristalsis — regular wavelike workings of eternal progress toward an epic more of everything, especially profits! You can forget the supposedly “normal” cycles of the techno-industrial arrangement, which means, in […]
Blame the Federal Reserve, Not China, for Stock Market Crash
Blame the Federal Reserve, Not China, for Stock Market Crash Following Monday’s historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose “solutions” to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they […]
China Entering Ugly Recession, Not Just a “Hard Landing?”
China Entering Ugly Recession, Not Just a “Hard Landing?” A “hard landing” would be tough for China. But it would still mean economic growth, if very slow growth by Chinese standards. At worst, it would mean stagnation. But now, evidence is piling up that the economy is actually shrinking. There is practically universal agreement outside official […]
Citigroup Chief Economist Thinks Only “Helicopter Money” Can Save The World Now
Citigroup Chief Economist Thinks Only “Helicopter Money” Can Save The World Now Having recently explained (in great detail) why QE4 (and 5, 6 & 7) were inevitable (despite the protestations of all central planners, except for perhaps Kocharlakota – who never met an economy he didn’t want to throw free money at), we found it fascinating […]
Federal election campaign’s phoney debate over deficits: Chris Hall
Federal election campaign’s phoney debate over deficits: Chris Hall Answers on how parties plan to pay for campaign promises may not come for weeks yet This federal election is supposed to be about the economy, an opportunity for voters to determine which party is offering the best plan to create jobs, open new markets for […]
Asian Currency Crisis Continues As China Holds, Malaysia Folds, & Japan Heads For Quintuple Dip Recession
Asian Currency Crisis Continues As China Holds, Malaysia Folds, & Japan Heads For Quintuple Dip Recession Asia got off to an inauspicious start this evening with Japan printing a disappointing 1.6% drop in GDP – heading for its fifth recession in 6 years… so much for Abenomics, but, of course, Amari spewed forth some standard propaganda that […]
The Crisis Is Spreading: China, Australia, Brazil, Canada, Sweden…
The Crisis Is Spreading: China, Australia, Brazil, Canada, Sweden… Earlier today, we posted an excerpt from IceCap Asset Management’s latest letter to investors focusing on the farce that is the Greek bailout #3, which can be summarized simply by the following table… … and Keith Dicker’s assessment which was that “for Greece, it’s mathematically impossible to repay […]
Greeks Ditch Euro For Alternative Currencies As Parliament Votes On Bailout
Greeks Ditch Euro For Alternative Currencies As Parliament Votes On Bailout Greece released a bit of amusing econ data on Thursday, as the country’s statistical authority claimed GDP grew by 0.8% in Q2, well ahead of estimates of a 0.5% contraction. While we suppose it’s feasible that things weren’t as bad in Q2 as they […]
Exposing the false prophets of social transformation
Exposing the false prophets of social transformation A growing group of elite storytellers present radical solutions to global problems, but their ideas actually inhibit real change and strengthen the status quo. John Mackey, CEO of Whole Foods Market. Credit: http://www.sustainablebrands.com. All rights reserved. The collapse of Lehman Brothers in 2008 was a shock for many people. For a […]
US Recession Imminent As Factory Orders Plunge For 8th Consecutive Month
US Recession Imminent As Factory Orders Plunge For 8th Consecutive Month For the 8th month in a row, US factory orders fell YoY. Down 6.2% in June, this is the longest streak of declining factory orders outside of a recession in history. MoM, factory orders rose 1.8% – as expected – the most since May 2014 […]
