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Keyword: globaleconomy

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  • Global Deflation Alert: World Trade Growth Has Ground To A Halt

    08/02/2016 12:22:43 PM PDT · by Lorianne · 20 replies
    Contra Corner ^ | 28 July 2016 | Johannes Fritz and Simon J Evenett
    Falling rates of global trade growth have attracted much comment by analysts and officials, giving rise to a literature on the ‘global trade slowdown’ (Hoekman 2015, Constantinescu et al. 2016). The term ‘slowdown’ gives the impression of world trade losing momentum, but growing nonetheless. The sense of the global pie getting larger has the soothing implication that one nation’s export gains don’t come at the expense of another’s. But are we right to be so sanguine? World trade volume plateaued around January 2015 Using what is widely regarded as the best available data on global trade dynamics, namely, theWorld Trade...
  • Brexit Hits Fragile Global Economy, Putting Federal Reserve In A Bind

    06/27/2016 4:18:02 AM PDT · by expat_panama · 11 replies
    Investors Business Daily ^ | 6/24/2016 | JED GRAHAM
    The unexpected U.K. vote to leave the European Union has predictably set off a flight to safety, sinking global equity markets and Treasury yields, while boosting the value of the dollar. The immediate consequences are the opposite of what the weak global economy... ...the U.K. only accounts for about 2.4% of global GDP... ...Brexit vote will provoke "a crisis of confidence... ...For now, though, uncertainty about the future of Europe and concern about the disruption of trade are likely to weigh on investment and growth. IHS Global Insight, which had been forecasting 1.5% GDP growth in Germany in 2017, now...
  • UN paints bleak picture of stagnating world economy

    05/13/2016 7:02:35 AM PDT · by BenLurkin · 20 replies
    .local10.com ^ | Edith M. Lederer
    The report blames a host of factors for this year's lackluster economic prospects including persistent weak demand in the major economies which remains a drag on global growth, the low price of oil and other commodities which are hurting exporting countries, severe weather-related shocks especially severe drought related to El Nino, political challenges, and large capital outflows in many developing regions. Dawn Holland, a senior economist in the U.N. Department of Economic and Social Affairs, said the 2.4 percent growth predicted for this year is 1 percent lower than the average annual rate of growth of 3.4 percent in the...
  • Has the BRICs bubble burst?

    03/28/2016 7:04:35 AM PDT · by Lorianne · 7 replies
    Guardian UK ^ | 27 March 2016 | Simon Tisdall
    Brazil, Russia, India, China and South Africa seem to be failing to justify predictions of 21st century domination ___ The political crisis in Brazil over economic mismanagement and high-level corruption, likely to come to a head next week, has reinforced the fashionable view, popular among western governments and businesses, that the Brics bubble has burst. Members of the exclusive Brics club of leading developing countries – Brazil, Russia, India, China and South Africa – are failing to justify predictions that, separately and together, they will dominate the 21st century world, or so the argument goes. The Brics concept, plus acronym,...
  • Bond Guru Says Trump Nomination Could Bring Down World Economy

    03/22/2016 12:51:57 PM PDT · by Innovative · 71 replies
    Fortune ^ | March 21, 2016 | Reuters
    Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, foresees a “global growth scare” between now and the end of the summer, triggered by a presidential nomination of Donald Trump. “That is where I see the vulnerabilities,” Gundlach said in a telephone interview on Monday. Trump’s protectionist policies could mean negative global growth, Gundlach warned. “As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management.”
  • IMF’s Lagarde Says Negative Rates Have Helped Global Economy

    03/20/2016 5:41:02 PM PDT · by Lorianne · 23 replies
    Hellinic Shipping ^ | 19 March 2016
    The world economy would be worse off without negative interest rates, according to International Monetary Fund Managing Director Christine Lagarde. Negative rates in Europe and Japan have helped support global growth and price gains, she said in an interview in Ho Chi Minh City on Friday. The finance sector may need to implement new business models as a result, she said. “If we had not had those negative rates, we would be in a much worse place today, with inflation probably lower than where it is, with growth probably lower than where we have it,” Lagarde said. “It was a...
  • Opinion: Chilling ways the global economy echoes 1930s Great Depression era

    02/19/2016 5:55:43 AM PST · by John W · 22 replies
    marketwatch.com ^ | February 19, 2016 | John Coumarianos
    One view of what caused the Great Depression in the 1930s is that the Federal Reserve failed to prevent a collapse in the money supply. This is the famous thesis of Milton Friedman's and Anna Schwartz's A Monetary History of the United States, 1867-1960, and it was, more or less, the view of Ben Bernanke when he was chairman of the Federal Reserve. The global economy today resembles that of the 1930s in several ominous ways. Financial author Edward Chancellor recently called attention to a paper written by Caludio Borio, head economist at the Bank of International Settlements, that provides...
  • 21 New Numbers That Show That The Global Economy Is Absolutely Imploding

    02/21/2016 11:36:51 AM PST · by SeekAndFind · 18 replies
    TEC ^ | 02/21 | Michael Snyder
    After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams. This is especially true when you look at global trade numbers. The amount of stuff that is being bought, sold and shipped around the planet is falling...
  • Canadians Panic As Food Prices Soar On Collapsing Currency

    01/13/2016 4:11:35 PM PST · by Kartographer · 148 replies
    Zerohedge ^ | 1/13/16 | Tyler Durden
    The currency's decline is having a pronounced effect on Canadians' grocery bills. As Bloomberg reminds us, Canada imports around 80% of its fresh fruits and vegetables. When the loonie slides, prices for those good soar. "With lower-income households tending to spend a larger portion of income on food, this side effect of a soft currency brings them the most acute stress," Bloomberg continues. Of course with the layoffs piling up, you can expect more households to fall into the "lower-income" category where they will have to struggle to afford things like $3 cucumbers, $8 cauliflower, and $15 Frosted Flakes. Have...
  • The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low [Ominous for Global Trade]

    11/20/2015 9:07:55 AM PST · by SeekAndFind · 20 replies
    TEC ^ | 11/20/2015 | Michael Snyder
    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 didn’t realize that things had gotten quite this bad already. Not even during the darkest moments of the last financial crisis did the Baltic Dry Shipping Index drop this low. Something doesn’t seem to be adding up, because the mainstream media keeps telling us that the global economy is doing just fine. In fact, the Federal...
  • Global Trade In Freefall:

    11/04/2015 2:11:03 PM PST · by amorphous · 38 replies
    Zero Hedge ^ | 4 Oct 201 | Tyler
    Over the past year we have regularly contended that a far greater threat to the global economy than either corporate earnings, currency devaluations, rate cuts (or hikes), reserve outflow, or even the stock market, is the sudden, global trade crunch which has been deteriorating rapidly since late 2014 and has seen an even more dramatic drop off as 2015 is winding down. Actually, that is incorrect: global trade is merely a manifestation of the true state of the above listed items. ... We have in the past joked that the only thing that could possibly save the world from what...
  • Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

    10/20/2015 11:08:42 AM PDT · by Perseverando · 10 replies
    The Economic Collapse ^ | October 19, 2015 | Michael Snyder
    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 stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge. Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports...
  • HSBC fears world recession with no lifeboats left

    05/26/2015 6:06:34 PM PDT · by 9thLife · 42 replies
    Telegraph ^ | 5:00PM BST 24 May 2015 | Ambrose Evans-Pritchard
    The world economy is disturbingly close to stall speed. The United Nations has cut its global growth forecast for this year to 2.8pc, the latest of the multinational bodies to retreat. It leaves a thin safety buffer against any economic shock - most potently if China abandons its crawling dollar peg and resorts to 'beggar-thy-neighbour' policies, transmitting a further deflationary shock across the global economy. ... Each of the past four US recoveries has been weaker than the last one. The average growth rate has fallen from 4.5pc in the early 1980s to nearer 2pc this time. ... The US...
  • The noise from Brazil? An economy on the brink

    03/08/2015 11:38:31 AM PDT · by Lorianne · 3 replies
    Guardian UK ^ | 06 March 2015 | Alberto Nardelli
    Rising inflation, slowing growth, a weakening currency, surging debt and a deepening corruption scandal - Brazil is suddenly looking vulnerable ___ The more you look at Brazil’s fundamentals, the more shaky the country looks. And we are not talking about the defensive prowess of David Luiz here. It is the country’s economic backline that risks tumbling down like a set of dominoes. When a Latin American economy is in trouble a good place to start is its inflation rate. Brazil’s is today running at 7.5%. While this is nowhere near the 2,000-3,000% of the early 1990s, when the price of...
  • The stage is being set for a massive financial meltdown...

    02/24/2015 9:21:38 AM PST · by alexmark1917 · 43 replies
    Greek 4 month extension does nothing for the people of Greece. Sub-prime auto loans all time high and delinquencies are rising. Existing home sales implode while home price fall. Baltic Dry Index falls and ship builders are filing for bankruptcy. US blimp in Maryland used to watch the people. Ukraine bans Russian media and sets up their own propaganda media. Poroshenko wants Crimea back as they pull more weapons to the front line. US and the coalition forces getting ready for a major offensive in the middle east. DHS budget in trouble, using fear and a false flag event to...
  • Federal Reserve Insider Alan Greenspan Warns:There Will Be a “Significant Market EventSomething Big

    With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs. But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider...
  • Currency warriors get a boost at G-20 meeting

    02/11/2015 8:01:41 AM PST · by Rusty0604 · 7 replies
    Market Watch ^ | 02/11/2015 | Ian
    ISTANBUL--The world's top finance leaders on Tuesday in effect backed currency depreciation as a tool for promoting growth by signaling strong support for aggressive easy-money policies aimed at boosting the fragile global economy. The support by finance ministers and central bankers from the Group of 20 largest economies for mass monetary easing--policies that have weakened exchange rates from Europe to Japan--is at odds with the traditional view that currency depreciation could have damaging effects on other economies. It also reflects worry that economies in much of the world could get stuck in a low-growth rut without decisive cash injections from...
  • The climate Comintern speaks - "intentionally transform the economic development model"

    02/10/2015 4:42:44 AM PST · by Cincinatus' Wife · 11 replies
    The Hill ^ | February 10, 2015 | Benjamin Zycher, John G. Searle scholar at the American Enterprise Institute
    "This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history. This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for the, at least, 150 years, since the industrial revolution." Those were the words spoken on Feb. 4 by Christiana Figueres, the executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), under the auspices...
  • U.N. Climate Chief: We're 'Intentionally' Transforming The World Economy

    02/07/2015 9:24:59 AM PST · by BlatherNaut · 58 replies
    Truth Revolt ^ | 2/6/15 | Bradford Thomas
    The United Nation’s top climate change official Christiana Figueres announced this week that the group is actively working to "intentionally transform" the world's economic development model, a task she called the "most difficult" one the group has ever undertaken. "This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history," UNFCCC Executive Secretary Figueres stated at a press conference in Brussels Tuesday. The "intentional" reordering of the global economy, she told reporters, "will not happen overnight" due to the "depth of the transformation":...
  • Global downsides: 1 high debt; 2 Lack of growth and deflation; 3 Fragile EM...

    01/28/2015 3:11:59 PM PST · by alexmark1917 · 1 replies
    Rajan: "Today, debt is making it difficult for developed countries to resume pre-2008 growth rates" http://t.co/hi4QoAqSA8 — Project Syndicate (@ProSyn) January 18, 2015 Today, debt is making it difficult for developed countries to resume pre-2008 growth rates, let alone restore the levels of GDP that would have been attained if the subsequent Great Recession had not happened. Meanwhile, industrial countries’ overall debt/GDP ratios are continuing to grow. In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This...