We just got more evidence that global trade is absolutely imploding. Chinese exports dropped 25.4 percent during the month of February compared to a year ago, and Chinese imports fell 13.8 percent […]
If the global economy is in fine shape, then why does all of the hard data tell us that global trade is absolutely collapsing? The Baltic Dry Index has fallen below 300 […]
Did you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone? With interest rates at record lows all over the world in […]
As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that […]
For the first time ever, the Baltic Dry Index has fallen under 400. As I write this article, it is sitting at 394. To be honest, I never even imagined that it […]
When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of […]
The global elite have never been closer to their goal of a united world. Thanks to a series of interlocking treaties and international agreements, the governance of this planet is increasingly becoming […]
Did you know that the number of publicly traded companies declaring bankruptcy has reached a five year high? And did you know that Chinese exports are absolutely collapsing and that Chinese economic […]
If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. As I write this, the price of U.S. […]
When about a month ago it was revealed that Japan’s shadow economic advisor is none other than Paul Krugman , we said it was only a matter of time before the Japanese […]
Russia Drops Dollar: Direct Trade Between China & Russia Has Increased 2400 Percent and Set to Explode
As Russia struggles to survive economically , China has swooped in and announced that on Monday they will start trading more comprehensively with Russia in Chinese yuan, cutting out the dollar completely. From Bloomberg: “China […]
Russia’s economy is crashing and its currency appears to be in free fall. The ruble plunged by about 12% Monday, meaning it’s lost nearly 50% against the dollar this year. Early Tuesday […]
Markit’s survey of over 6000 firms showed optimism falling sharply in October, dropping to the lowest seen since the survey began five years ago. Hiring and investment plans were also at or […]
Are you waiting for the next major wave of the global economic collapse to strike? Well, you might want to start paying attention again. Three of the ten largest economies on the planet have already fallen into recession, and there are very serious warning signs coming from several other global economic powerhouses.
Israel’s economy contracted for the first time in more than five years in the third quarter, as growth was hit by the effects of a war with Islamist militants in Gaza. Gross domestic product fell 0.4 percent in the July-September period, the Central Bureau of Statistics said on Sunday.
David Cameron has issued a stark message that “red warning lights are flashing on the dashboard of the global economy” in the same way as when the financial crash brought the world to its knees six years ago. Writing in the Guardian at the close of the G20 summit in Brisbane, Cameron says there is now “a dangerous backdrop of instability and uncertainty” that presents a real risk to the UK recovery, adding that the eurozone slowdown is already having an impact on British exports and manufacturing. His warning comes days after the Bank of England governor, Mark Carney, claimed a spectre of stagnation was haunting Europe.
There’s little reason for cheer in Europe. While Germany narrowly avoided a recession in the third quarter, the latest numbers show the $13 trillion eurozone economy is stuck in first gear. High unemployment, high debt and a lack of investment continue to hold the region back.
After months of focus on slack in U.S. labor markets, the Federal Reserve faces a new challenge:
Tesco’s results are out Thursday for the first half of the year, and a breakdown of the results shows just how badly the company is being hammered. Shares are down by 6.39% well into London’s trading day Thursday, adding to the last month’s brutal sell-off.
Global wealth grew by 8.3pc – its fastest rate ever – over the last year, reaching a worldwide total of $263 trillion, according to Credit Suisse’s Global Wealth Report for 2014. From average worth to millionaire growth, here are the other numbers you need to know.
While Greek government yields (and political leaders) proclaim the troubled peripheral European nation is ‘recovering’, the risk of major political upheaval in Greece has not gone away ahead of next year’s presidential vote next year. As Reuters notes, under growing pressure from anti-bailout leftists, Greek Prime Minister Antonis Samaras desperately needs a new narrative to get the backing of lawmakers and rally Greeks fed up with four years of austerity. We wish him luck as Keep Talking Greece notes, it is high time that the real data of the economic situation of the Greek society come to the surface and so it did this week.
Get your money out of Britain: Global banks warn investors ‘Yes’ vote would be ‘cataclysmic’ for UK economy
International investors have been warned to pull their cash out of Britain to protect themselves against the ‘cataclysmic’ impact of Scottish independence. Japan’s biggest bank, Nomura, warned sterling could plunge by 15 per cent in the event of a ‘Yes’ vote – amid warnings over a ‘run on UK assets’ threatening savings and pensions of ordinary families. It came as it emerged David Cameron has pleaded with business chiefs to publicly warn against Scottish independence.
For the last few months, even before the turmoil began, Ukraine has been in an inflationary cycle. Both retail and asset prices were spiraling higher. Now they’ve entered a stagflationary period. The […]
China’s finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy. Lou Jiwei said that […]
A lot of people that I talk to these days want to know “when things are going to start happening”. Well, there are certainly some perilous times on the horizon, but all […]