Global Financial Crisis-Like China Trade Data

Abysmal Import and Export Data out of China in 2016Year-over-Year Chinese exports sank by 11.2% and imports tanked by 18.8%, in January, posting far, far worse declines than expected by most, who according to Reuters, were generally looking for a 0.8% fall in imports and a 1.9% decline in exports ( Read more... )

From RT
Increasing Risk of New Global Depression 2016

Sherle R. Schwenninger, World Economic Roundtable at New America/The Nation Magazine, joins Thom. Economists - the people who study this stuff for a living - now think that the world is teetering on the edge of yet another big recession. Slowing growth in China - plummeting stock prices - and ( Read more... )

China Banking Crisis Risk Grows


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Stockman:
Markets in store for a "Thundering Reset"

Stockman: "I think we have a dead cat bounce in no-man's-land" David Stockman on the 'EPIC' debt-deflation bubble he believes is now unraveling.
Posted by Recession Journal on Sunday, January 24, 2016

Director of the Office of Management and Budget under President Ronald Reagan speaking to Bloomberg of the risks of renewed recession with even greater disarray in Washington. A while ago speaking on CNBC, Stockman warned of "epochal deflation" unfolding around the world. Super bearish. Not for the faint of heart.

Things are "Going to get far ( Read more... )

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US Data in Japan-Like Depression? Worse?

This debate is nothing new among us here in the_recession. Way back in 2008/09 we were asking this question with some frequency, but for a while it has seemed that maybe, just maybe, we averted the bullet.

Now the question is being asked again, and with good reason.

What Does a "Japanese Style Depression" Look Like?
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China Recessionary Despite Govt. Data

Data out of China, particularly its glorified GDP, is really pretty fluffy stuff. But in a rare moment of candor from future premier Li Keqiang, he admitted that China's official GDP stats are merely "man made," and therefore unreliable, adding with a smile that he regarded them as being "for reference only."

It' ( Read more... )

Steve Keen's Debtwatch takes note that despite official proclamations to the contrary, it is certainly looking like Australia's housing bubble has clearly popped as well.


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