Have any of you ever seen a steeper one?


( Read more... )

Professional economic forecasting agencies are ratcheting down, yet again, their expectations of US/Europe/Global GDP, this time with several more of them also including clear concern for the risk of new recession.

A couple of points

• The most recent official estimate of US & EU GDP shows that these economic blocks had not yet recovered their GDP ( Read more... )

The $1 Billion Armageddon Trade Placed Against the United States Bond Market

Someone dropped a bomb on the bond market Thursday - a $1 billion Armageddon trade betting the United States will lose its AAA credit rating ( Read more... )

by Gaius Publius on 1/14/2011 02:34:00 PM



Paul Krugman has an excellent, major magazine piece at the Times on the prospects for Europe and the euro, as both climb out of crisis, painfully and slowly. Its title is "Can Europe Be Saved?" and the title is apt. The answer is not necessarily Yes.

Almost everyone knows something about ( Read more... )

From McClatchyWednesday, December 22, 2010 ( Read more... )

"Bank lending in China today is higher then in the United States and its a smaller economy. We also have a credit bubble in China and their dilemma is if they would do the right thing, the economy would go into recession. So, they will postpone it like every other government will do and eventually you have a bursting of the bubble ( Read more... )

( Much of what investment bankers do is socially worthless. )

It's been quite a while since I have hit the com with several posts in a row, but the economic news dictates, so apologies in advance. It appears that the US economy may now be testing out the supposed durability of the recovery, with the risk of a "Double Dip" now seen rising.

LA TIMES
Deflation warning? Treasury bond yields plunge amid new rush ( Read more... )

Kansas City Star:
Recession or depression? There’s a case for bothAs the nation struggles to name our ongoing economic pain, we may be settling on The Great Recession ( Read more... )

Bloomberg: Pimco Says World Economic Crisis Faces ‘Second Wave’Pacific Investment Management Co., which runs the world’s biggest bond fund, said the global economy faces a “second wave” of turmoil unless governments adopt larger spending plans ( Read more... )