{"id":2081,"date":"2014-11-26T07:21:12","date_gmt":"2014-11-26T12:21:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2081"},"modified":"2014-11-26T07:21:12","modified_gmt":"2014-11-26T12:21:12","slug":"global-business-outlook-darkest-picture-since-financial-crisis-us-deterioration-of-greatest-concern-wolf-street","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2081","title":{"rendered":"Global Business Outlook: \u201cDarkest Picture since Financial Crisis.\u201d US Deterioration \u201cof Greatest Concern\u201d | Wolf Street"},"content":{"rendered":"<p><a href=\"http:\/\/wolfstreet.com\/2014\/11\/24\/its-official-businesses-think-the-global-economy-sucks\/\">Global Business Outlook: \u201cDarkest Picture since Financial Crisis.\u201d US Deterioration \u201cof Greatest Concern\u201d | Wolf Street<\/a>.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward \u2013 not by economists and Wall Street hype mongers: their outlook for the next 12 months has plummeted since June to the worst level since crisis year 2009.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">Business leaders are an optimistic bunch. Projecting a 12-month period that is worse than the past 12 months is frowned upon; because business leaders are\u00a0<em style=\"box-sizing: border-box; word-wrap: break-word;\">supposed<\/em>\u00a0to make their business grow, even when it looks tough out there. They\u2019ve been optimistic over the years, despite multiple recessions in the Eurozone, a slowdown in China, a quagmire in Japan, and disappointing growth in the US, where \u201cescape velocity,\u201d dangled out in front of our noses for five years, has become a figment of Wall Street imagination. Throughout, business optimism has been fairly strong, according to Markit\u2019s Global Business Outlook, a survey taken in February, June, and October.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">But results from the\u00a0<a style=\"box-sizing: border-box; word-wrap: break-word; color: #0009c4;\" href=\"http:\/\/www.markiteconomics.com\/Survey\/PressRelease.mvc\/d024afc20bff4c6380709df5a6490cc7\" target=\"_blank\">October survey<\/a>, released today, are a doozie. The number of businesses around the globe that expect activity to rise over the next 12 months exceeded the number expecting a decline by 28%, the worst in the survey history going back to 2009.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Business Outlook: \u201cDarkest Picture since Financial Crisis.\u201d US Deterioration \u201cof Greatest Concern\u201d | Wolf Street. The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[246,353,366,860],"class_list":["post-2081","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economy","tag-gdp","tag-global-economy","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2081"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2081\/revisions"}],"predecessor-version":[{"id":2082,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2081\/revisions\/2082"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}