Soft Jobs Report & Mass Media Yells Fire!

You know, I just have to comment how so often on the right the right tries to defend the likes of Fox News or Drudge by saying that the "liberal media" offers up the same slanted reporting favoring "their side," and even doing more of it (biased reporting)... but with "liberal media" like this (see image ( Read more... )

China Recession May Be Last Straw: Global Recession 2012
China is having a hard landing. Official government numbers may be papering over this reality in their state run media, and even in the mainstream media just about everywhere else around the globe, but even these outlets are starting to shine a little bit of light on the truth. The truth is ( Read more... )

Leading Indicators + Iran =
Global Recession Risk Going Higher Again
Just when you thought it was safe to say that we have probably dodged yet another economic bullet under the Obama administration - for those of you counting, the list is now 1) Averted Great Depression (2009), 2) Averted double-dip recession (2010), 3) Averted new recession (2011 ( Read more... )

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The UN has lowered its benchmark forecast for global growth next year, pinning it at a mere 2.6%, just a hair above what is considered global recession territory, and they have suggested that downside risks are substantial ( Read more... )

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GLOBAL GREAT RECESSION - PART II
"Recession 2011" or is this all a 21st Century Depression?

More coincident data out this past week affirms that Recession 2011 is now likely well underway for the Eurozone, and at least several Asian nations, with concerns rising that a 2007/08-like banking crisis, or even worse, looms just around the corner.

Wall ( Read more... )

A GDP-weighted global manufacturing index has gone negative for the first time since about the end of the last global recession (2008-09).

Readings above 50 indicate month-on-month growth, below 50 - month-on-month contraction, while a reading right at 50 suggests no change, stagnation.  Generally, a given country's manufacturing index reading of ( Read more... )

World Tipping Into New, Deeper Jobs Recession, Unrest, Says ILO

CNBC
World Heading for Jobs Recession, Unrest: ILOThe world economy is on the verge of a new and deeper jobs recession that will delay the global recovery further and may spark social unrest in "scores of countries," the International Labor Organization said on Monday ( Read more... )

For the first time since 2009, most economists now agree that GDP in the Eurozone has likely fallen into an extended period of contraction, and threatens to drag the UK back under with it (as if the UK ever really got out of the last technical recession).

The Guardian

Eurozone 'is heading for recession'Latest PMI indicates that sovereign debt ( Read more... )