In spite of all the denials, the US, Europe, and Australia are in recession. Brazil and Canada just entered the recession zone as well. This economic turn of events has PIMCO CEO Bill gross admitting a mistake. Let's take a look starting with Brazil.
Warning signs point to lower stock prices in the fullness of time.
Since 2006 The International Monetary Fund’s Balance of Payment statistics have been uploaded into a neat online database accessible through its website. Among country balance of payments figures, the database also features the “Net International Investment Position” of a country, which is defined as the difference between foreign assets that domestic residents own and domestic assets held by foreign entities.
The super-committee in Congress is working on a plan to cut spending by several trillion dollars. It is likely that the final plan will prove too timid because most congressmen (and women) think their best chance to stay in power is by promising a future without sacrifice.
With the Fed out of ammunition and economic data weakening, even the good news is worse than expected. GDP growth has slowed to such an extent that a recession is now a near certainty - that is if the US isn't there already.
The Jackson Hole Conference was a dud. To the astute student observer, something happened never seen before. The US central bank chief admitted failure, if only people could properly interpret and translate his words of helplessness and disappointment. A more apt description was that USFed Chairman Bernanke used the forum to announce on stage that the central bank failed and is powerless to react to the current lapse into recession.
We often hear statements suggesting that by ramping up shale gas production, the US can raise total natural gas production and solve many of its energy problems, including adding quite a number of natural gas vehicles, and replacing a large share of coal fired electricity generation.
If Charles Evans (president of the Chicago Fed) were Fed chairman, we'd probably be halfway on the road to the abolition of the dollar and its replacement with the new 'territorial Mandat'.
Unburdened by the failure of Keynesian socialism, China continues to grow. India, despite repeated self inflicted political wounds, is also likely to experience an expanding economy. With the EU suffering from another financial crisis, it is unlikely to have a positive economic experience in the next few years.
The Federal Reserve printed money in 2009 and bailed out the stock market. The Federal Reserve printed money in 2010 and bailed out the stock market. As the financial markets anticipate the next Fed statement due to be released on September 21.