A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Contraction ’
Europe Manufacturing Shrinks, German Confidence Drops: Economy – San Francisco Chronicle
Europe Manufacturing Shrinks, German Confidence Drops: EconomySan Francisco Chronicle(For more on Europe's debt crisis, see EXT4.) May 24 (Bloomberg) -- European manufacturing and services output dropped in May, German business confidence declined ...
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German Manufacturing Shrinks at Fastest Pace in 3 Years – CNBC.com
CNBC.comGerman Manufacturing Shrinks at Fastest Pace in 3 YearsCNBC.comGermany's manufacturing sector has been shrinking at the fastest rate in three years in May, renewing concerns about the stamina of Europe's largest economy, which likely pr...
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CBO warns of US falling off ‘fiscal cliff’
CBO warns of US falling off 'fiscal cliff'
[img]http://l.yimg.com/bt/api/res/1.2/oXh_6AJBHy_uEbdrklkymA--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjg-/http://l.yimg.com/os/152/2012/04/21/image001-png_162613.png[/img]By ANDREW TAYLOR | Asso...
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Asian Stocks, Won Decline on Europe Risk, US Economic Data – Bloomberg
BloombergAsian Stocks, Won Decline on Europe Risk, US Economic DataBloombergAsian stocks fell, erasing this year's gains, and South Korea's won weakened on signs that Europe's debt crisis is worsening and after an unexpected contraction in ...
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Instant View: German prelim first-quarter GDP unexpectedly strong – Reuters
Telegraph.co.ukInstant View: German prelim first-quarter GDP unexpectedly strongReuters| BERLIN (Reuters) - German gross domestic product grew a surprise 0.5 percent in the first quarter in seasonally adjusted terms - well ahead of a consensus forecast...
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Dreadful start to Q2 for EZ private sector – Markit
Key points for April: Final Eurozone Composite Output Index: 46.7 (Flash 47.4, March 49.1) Final Eurozone Services Business Activity Index: 46.9 (Flash 47.9, March 49.2) Contractions seen in France, Italy and Spain, while Germany slips closer to stagnation At 46.7 in April, down from 49.1 in March, the Markit Eurozone PMI ® Composite Output Index signalled the fastest...
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Latest PMI data suggest accelerated deterioration of Italian Economy
Latest #PMI data suggest accelerated deterioration of Italian economy at start of Q2… April sees sharpest contraction in services activity since June 2009 Key points: Output levels drop on accelerated decline in new business Job shedding strongest since July 2009 Confidence falls to lowest in 2012 so far Summary: The Italian service...
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Our central bankers are intellectually bankrupt – Ron Paul in FT
by Ron Paul The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been...
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Emerging Stocks Advance to 3-Week High on Manufacturing – Bloomberg
BloombergEmerging Stocks Advance to 3-Week High on ManufacturingBloombergEmerging-market stocks headed toward the highest in more than three weeks after manufacturing in the US and Chinese picked up pace in April, boosting the outlook for exporters to ...
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BEA Report Shows GDP Growth Slowing During 1Q-2012 to 2.20%
In their "advanced" estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.20%, down more than three-quarters of a percent from the fourth quarter of 2011....
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Sins of the Past
Ben Bernanke has said many times that Marriner Eccles, the head of the Federal Reserve in 1936/37 made a mistake by tightening credit (raising reserve requirements). Bernanke blames Eccles’s actions for the 50% stock market collapse in 1937 and the ...
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It’s Not Just Gasoline Consumption That’s Tanking, It’s All Energy
It's not just gasoline consumption that's declining--petroleum and electricity consumption are also dropping. Is that indicative of economic growth?
A number of readers kindly forwarded additional data sources to me as followup on last week's en...
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Why Is Gasoline Consumption Tanking?
Gasoline deliveries reflect recession and growth. The recent drop in retail gasoline deliveries is signalling a sharp contraction ahead.
Mish recently posted some
Thank you, Michael N. ($100), for your magnificently generous contribution t...
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You Can’t Fool Mother Nature For Long: The Substitution of Debt for Productivity
The "big story" of the U.S. economy is that we have substituted expansion of debt for meaningful increases in productivity.
For the past 30 years, the U.S. economy has become increasingly dependent on explosive debt expansion for its "growth" rath...
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Habituating to Contraction
The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed nothing. Contraction is replacing expansion as the new normal.
For the past 67 years, Americans have been conditioned to expe...
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The Mysterious Case of Recession Risk
The Mysterious Case of Recession Risk
By James Picerno Dec 19, 2011, 10:48 AM Author's Website
Will the threat come from within or without? Or are we set to be a two-time lower? Perhaps the more pressing question is whether it’ll come at all?
T...
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The Growth of Degrowth Economics
The Growth of Degrowth Economics
Degrowth theory, whose supporters push policies to reduce economic activity and end our obsession with GDP, is gaining momentum in Europe and Canada. Will the movement reach U.S. soil?
What if we promoted policies ...
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Investors’ Most Crucial Decision – U.S. Recession Or Not?
Investors' Most Crucial Decision - U.S. Recession Or Not?
by: Jeremy Robson December 7, 2011
I posted an article here on the likely course of the S&P 500 over the next 12 months. This post is intended to fill in the gaps from that article.
Europe i...
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The day of sovereign defaults
Any bears with solutions?
_____
What happens on the day sovereign defaults are declared? -- and how does a small firm that relies on TTs from Europe/USA survive the turbulence?
Scenario: A small $50 million dollar company with business in SE Asia...
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Third Quarter GDP Revised Downward
In their second estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward by over a half percent to an annualized growth rate of 2.01%. The real story within the data, however, was tha...
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Euro area growth to slow sharply; debt crisis key: OECD
Euro area growth to slow sharply; debt crisis key: OECD
On Monday October 31, 2011, 6:18 am
PARIS (Reuters) - The euro area is headed toward a sharp economic slowdown in 2012, with some countries set for negative growth, and failure to restore confid...
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GDP Improves Dramatically
The Bureau of Economic Analysis's (BEA) first ("Advance") estimate of third quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 2.46%, nearly twice the rate reported for the second quarter. The improvements were broadly spread across ...
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U.S. August ISM Manufacturing Report on Business (Text)
U.S. August ISM Manufacturing Report on Business (Text)
QBy Editor: Alex Tanzi - Sep 1, 2011 10:19 AM ET
Following is the text of the U.S. manufacturing conditions from the Institute for Supply Management.
August Manufacturing ISM Report On Business...
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History Is Not Your Therapist
Nobody can believe what's happening. Nobody knows what to do. Well, here's some straight dope: do you want to have an economy? Then prepare to cut your losses and move on. There's so much to do "out there" in America, but the catch is it's not the s...
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Philadelphia-Area Manufacturing Contracts Most Since 2009
Philadelphia-Area Manufacturing Contracts Most Since 2009
August 18, 2011, 10:59 AM EDT
By Alex Kowalski
Aug. 18 (Bloomberg) -- Manufacturing in the Philadelphia region unexpectedly contracted in August by the most in more than two years as orders...
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US and eurozone ‘dangerously close to a recession’
Financial Crisis
US and eurozone 'dangerously close to a recession'
Morgan Stanley has slashed its global growth forecast for 2011 and 2012, saying the US and the eurozone were "dangerously close to a recession".
Morgan Stanley said it would not ta...
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Special Update: Daily Growth Index Breaks Positive
On August 3, 2011 our Daily Growth Index went into growth territory for the first time in 566 days -- ending the longest consecutive string of contraction-days that we have ever experienced. Furthermore, the rise off of the record lows set as recen...
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Reality Check
America is starting to remind me of Bette Davis in the horror movie classic What Ever Happened to Baby Jane? America is losing its grip on reality. America is acting like an elderly strumpet in too much pancake makeup performing a song-and-dance on the beach while its kinfolk lie dying in the...
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