Home » Posts tagged 'economic contraction'
Tag Archives: economic contraction
Global Economies Suffer “Largest Drop On Record”: OECD
Global Economies Suffer “Largest Drop On Record”: OECD In case anyone needed more proof that the entire world is sliding into recession, if not outright depression, on Wednesday morning the Organisation for Economic Cooperation and Development said that major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no […]
China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero
China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero In our ongoing attempts to glean some objective insight into what is actually happening “on the ground” in the notoriously opaque Chinese economy which has been hammered by the Coronavirus epidemic, yesterday we showed several “alternative” economic indicators such as real-time measurements of air pollution (a […]
The Hidden Revelation
The Hidden Revelation The current government shutdown (the longest in history) comes with a hidden revelation: Millions of Americans are financially unprepared for the next economic downturn. Worse, they are highly vulnerable with few protections. 10 years after the financial crisis the economic recovery has left millions behind with little to no savings and the […]
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode of shrinkage. This is something like […]
China Vows More Stimulus With Economy On Verge Of Contraction
China Vows More Stimulus With Economy On Verge Of Contraction Overnight, China revealed the latest confirmation that its economy is slowing more conventional wisdom realizes when the National Bureau of Statistics reported that the manufacturing PMI fell to 50.2 in October – on the verge of a sub-50 contraction – down from 50.8 in September […]
Oil Prices At Risk Of Economic Downturn
Oil Prices At Risk Of Economic Downturn Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the second half of 2018 and into 2019 is a slowdown in the global economy. The International Monetary Fund […]
James Howard Kunstler: The Coming Economy Of “Less”
perfectlab/Shutterstock James Howard Kunstler: The Coming Economy Of “Less” Society is approaching a breaking point. Author and commentator James Howard Kunstler returns as our podcast guest this week for an update on where we are in The Long Emergency timeline. In this wide-raging discussion ranging from the pervasiveness of propaganda in today’s media to the […]
Why the Next Downturn “Will Not Look Like 2008”
Why the Next Downturn “Will Not Look Like 2008” Nine years of scorched-earth monetary policies come home to roost. There are always cycles. The current cycle started at the bottom of the Great Recession and will last “until central banks put on the brakes,” said Ray Dalio, founder of Bridgewater Associates, in an interview with […]
The causes of the recent decrease in US greenhouse gas emissions
The causes of the recent decrease in US greenhouse gas emissions Since their peak in 2007 GHG emissions in the USA have decreased more in absolute terms than in any other country. The results of this review suggest that approximately 40% of this decrease was caused by the replacement of coal with gas in generating […]
US Economy – on the Verge of Recession?
US Economy – on the Verge of Recession? US Manufacturing Sector Weakens Further – Alea Iacta Est? On the first trading day of the year, China’s stock market crumbled, seemingly waylaid by yet another weak manufacturing PMI report and a further slide in the yuan. On the same day, a few Fed members came out affirming […]
The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low
The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday. I have written a number of articles lately about the dramatic slowdown in global trade, but I […]
Low Oil Prices – Why Worry?
Low Oil Prices – Why Worry? Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked about high oil prices. Thus, low oil prices are viewed […]
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 […]
