The Pragmatic Capitalist
IS CHINA ABOUT TO LEAD US INTO A DOUBLE DIP?

China has been and remains the strongest leg of the economic recovery.  While most other countries remain entangled in a weak recovery or no recovery at all, China’s economy appears to have surged back to its pre-crisis growth rates.  But as the old saying goes, if it seems too ( Read more... )

Worst Global Recession Since Depression Deepened in Q1

Bloomberg:
German, Italy Economies Shrank at Record Pace in First QuarterThe German and Italian economies contracted more than forecast in the first quarter, slumping the most on record after the global financial crisis crippled exports and investment across Europe ( Read more... )

Some of the figures out this past month do point to outright Great Depression-like declines in Asia and eastern Europe. Some wonder whether or not this slide can be reversed in time, and if not, does it soon land only more body blows to the already badly beaten and bruised global financial system, western economies, and ultimately contribute to an ( Read more... )

Bloomberg: Singapore Economy May Post Biggest Decline on Record...Singapore is going through its sharpest and deepest recession, which may be the longest in the country’s history, said Ravi Menon, an official at the trade ministry. Gross domestic product may shrink 2 percent to 5 percent this year, the ministry said today ( Read more... )

CNBC: Stephen roach:


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