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Tag Archives: recession
Is Canada Next? Recession Is “Quite Contained”
Is Canada Next? Recession Is “Quite Contained” “In the current context, if you look at the growth numbers, the recession is effectively in the goods sector, it’s in the oil industry, it’s weak growth in manufacturing, weak growth in construction,” explained Kevin Page, Canada’s former parliamentary budget officer, a watchdog role charged with analyzing the […]
Deal Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To Draconian Deal Terms
Deal Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To Draconian Deal Terms Last night, when we concluded our overnight summary state of affairs we said that “we expect some resolution around first light this morning, and while another Greek can kicking and some last-moment “hope” is surely in the cards, we know two things: […]
Canada’s technical recession ‘contained,’ says former PBO Kevin Page
Canada’s technical recession ‘contained,’ says former PBO Kevin Page Ex-parliamentary budget officer says there is ‘still lots of growth in the service sector’ Although Canada is in a likely technical recession — defined as two consecutive quarters of negative growth — it’s a recession that is contained, says former budget watchdog Kevin Page. “In the current context, if you […]
We Are All (or Should Be) Greeks Now
We Are All (or Should Be) Greeks Now Their ‘No’ vote splashes a spotlight on ugly austerity, and its powerful puppeteers. The temple of neo-liberalism and its ideology of social suicide in the interests of the banks has been breached. The hysteria in European capitals (particularly Germany) after the resounding “No” vote by the people […]
Canada’s economy isn’t in recession, despite report, Joe Oliver says
Canada’s economy isn’t in recession, despite report, Joe Oliver says Private sector economists warn of possibility of recession this year Despite an economy that’s shrunk every month for which we have data this year, the federal finance minister says Canada is not in a recession and is poised for growth later in 2015. At an event […]
Is ‘holding the course’ putting Canada in recession?
Is ‘holding the course’ putting Canada in recession? Conservatives blame ‘external factors’ for slide, economists say government choosing to let it go Emanuella Enenajor likely caused more than a few politicians to choke on their Stampede pancakes last week. The analyst with Bank of America Merrill Lynch was the first from a major financial institution to utter the dreaded R-word — recession. […]
Asia depends on Middle East for 66 % of its oil imports
Asia depends on Middle East for 66 % of its oil imports This post uses data from the inter area oil movement section of the BP Statistical Review published in June 2015. It is a continuation of an earlier post on Asian oil consumption and production Global trade and Asia’s share Total global oil trade […]
Systemic Turmoil, Structural Reform
Systemic Turmoil, Structural Reform “The problem with the post-2007 world is that we are not in a cyclical recovery; we are in a structural depression defined as a sustained period of below-trend growth with no end in sight. The U.S. has caught the Japanese disease. Structural depressions are not amenable to monetary solutions, they […]
ECB, Monetarism and a Greek Half-Decade
ECB, Monetarism and a Greek Half-Decade Greece really should not matter, at all, outside of the tragic plight of the Greeks themselves. You’ll see that message echoed particularly inside the US where the status quo takes a contradictory turn toward reasonableness in order to justify further what isn’t. This is all about asset prices and […]
Volatility and Sleep-Walking Markets
Volatility and Sleep-Walking Markets A recent Business Insider chart of the day feature was particularly interesting. Called The stock market is asleep, it observed that the US market has been in a period of very low volatility: Market technician Ryan Detrick noted that it’s been 8 weeks since we’ve seen a weekly move of at least […]
Recession time bomb ticking faster, louder
Recession time bomb ticking faster, louder Americans are unprepared for the trillions they will lose again America is its own enemy, trapped in new irrational exuberance What’s even more disturbing than the near certainty of Grantham, Cook and the Economist in the dark predictions is what’s driving them, America’s self-delusional narcissism, overoptimism and irrational exuberance […]
Its 1929 In China—-Here’s The Chapter And Verse
Its 1929 In China—-Here’s The Chapter And Verse I’ve mentioned the Chinese stock market mania here briefly in recent weeks. I’ve now compiled a fair amount of data along with some interesting anecdotes that show just how crazy it’s gotten so I thought I’d spend this week’s market comment laying it all out for you. […]
Global Cooling Alert: World Faces Longest Oil Glut In Three Decades
Global Cooling Alert: World Faces Longest Oil Glut In Three Decades The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoidable. Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the […]
What Does California Gov. Jerry Brown Know about the Next Crash and Recession that We Don’t?
What Does California Gov. Jerry Brown Know about the Next Crash and Recession that We Don’t? California was America’s Greece in 2009. It had excellent wine and olive oil. But tax revenues were collapsing. The deficit ballooned. Its credit rating was cut to the lowest of any state in the US. It couldn’t borrow at […]
“Bernanke & Greenspan Have Destroyed America” Schiff & Maloney Warn “People Don’t Realize What Is Coming”
“Bernanke & Greenspan Have Destroyed America” Schiff & Maloney Warn “People Don’t Realize What Is Coming” Ali and Frazier, Laurel and Hardy, Mayweather and Pacquiao, Liesman and Santelli, and now Schiff and Maloney. Peter and Mike join clash of the titan-like to discuss their investment strategies and expose the charts the government doesn’t want you to seeas […]
