Zerohedge:

Following Xi's earlier speech reassuring Yellen that the "Chinese economy is stable," and the Yuan tumbled 0.25% against the USD ahead of the data. China's Flash Manufacturing PMI printed a disastrous 47.0 (against expectations of a slight rise to 47.5 from August's 47.3). This is the lowest print since March 2009.


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The foundation for a China-led recession is concrete...

CNBC

Next: A China-led world recession?
..according to Willem Buiter, chief economist at Citigroup ( Read more... )

Ambrose Evans-Pritchard, distinguished International Business Editor of The Daily Telegraph, has just published an article pointing out that the global economy is a lot closer to recession than many may be willing to acknowledge, and highlights risks we now face in this age of ZIRP.

The Daily Telegraph
HSBC fears world recession with no ( Read more... )

It's Starting to Look a Lot Like Recession, 2015


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Global Double Dip Recession 2012
In yet another indication that the European double dip recession of 2011 is going global and becoming a global double dip recession 2012, JP Morgan's Global Manufacturing PMI slid further below the break-even level of 50 last month, with some European and Asian nations experiencing their worst monthly contractions ( Read more... )

Extraordinary Recession 2012 Risk

Recession 2012? David Rosenberg Keeps Count: 7
While most still hold that the risk of a new US recession in 2012 is far less than the risk of recession was in 2011, increasingly the facts simply do not support such a view.

In light of the most recent data, Gluskin-Sheff chief economist David Rosenberg finds no fewer ( Read more... )

Global Recession 2012
Global Double Dip Recession of 2012
In what can only be described as a sordid continuation of the Global Financial Trainwreck that started way back in 2007, the world this Monday morning is staring squarely down the barrel of a severe double dip recession.

With so many problems left over from 2007-09 that were merely swept under ( Read more... )

Economist Stephen Roach thoroughly debunks the myth that the U.S. is poised to ride out the current phase of the Global Financial Trainwreck.

The GuardianThe great American economic mirage

In September 1998, during the depths of the Asian financial crisis, Alan Greenspan, the US Federal Reserve's chairman at the time, had a simple message: the US ( Read more... )

Global Financial Crisis Just Swept Under the Rug?

"FIVE Horsemen of the Global Economic Apocalypse"

The following major economies are either back in, or close to, outright contraction:
Europe Japan The UK The United States, and now, China

CNBC

ECRI Recession Call 2012
ECRI's Lakshman Achuthan Says a New Recession has Begun


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