Search Result for “global economy ”

For more than a decade, the global economy has steadily grown quarter after quarter, but it looks like that streak is about to come to a very abrupt ending.  The coronavirus outbreak in China has brought the Chinese economy to a virtual standstill, and as a result, critical supply chains …
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Factories all over China have been shut down, global supply chains have been hit by an unprecedented shock, the Baltic Dry Index is absolutely collapsing, the tourism industry is being absolutely devastated, and companies all over the globe are warning that sales will be lower than anticipated this quarter.  This …
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Article first appeared at The Free Thought Project. Berlin, Germany – The most prominent bank in Germany is at risk of failure, with potentially profound effects for the EU, the United States and likely the rest of the world. Deutsche Bank shares have fallen sharply on the news that German …
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Things have not been this bad for the Canadian economy since the last global recession.  During the second quarter of 2016, Canada’s GDP contracted at a 1.6 percent annualized rate.  That was the worst number in seven years, and it was even worse than most analysts were projecting.  This comes …
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Article first appeared at The Free Thought Project. Yesterday, it was reported that banks are preparing for an “economic nuclear winter” as the taxpayer-funded giveaway to megabanks – euphemistically known as “quantitative easing” – is on the verge of collapse. Things look particularly grim in the EU, where Brexit has rattled …
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Even the government is admitting that the U.S. economy is slowing down.  On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.  This was lower than analysts were anticipating, and it marks the third time in a row that …
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We haven’t seen numbers like these since the last global recession.  I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing.  We just learned that manufacturing in China has now been contracting for seven months in …
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They know exactly what they are doing.  The “experts” that run the Federal Reserve know that if they dramatically hike interest rates it will cause countless American workers to lose their jobs and it will absolutely crush the housing market.  And even though those two things are already starting to …
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In my column last week, I reported on the mass protests going on in Europe over their governments’ dismal, yea, catastrophic leadership regarding the sanctions against Russia that are strangling their economies and making life a living hell. The column last week specifically reported on the mass protests going on …
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According to the Oxford dictionary, a recession is defined as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. In the last two quarters, the United States has experienced an economic decline and subsequent …
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