The International Monetary Fund (IMF) painted a stark picture of the global economy this week slashing the outlook for world growth while forecasting a damaging recession in Europe that will leave no country, including Canada and the U.S., unscathed. The report stated that financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated and, as such, policymakers must immediately move forward together to save the world economy from falling into a 1930s-style death spiral because the longer corrective action is put off the worse it will actually get. Words: 640
January 23rd, 2012 | Posted in Economic Overview,Economy | Read More »
Will global financial markets reach a breaking point during the month of October? Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown. Massive amounts of investor money is being pulled out of the stock market and mammoth bets are being made against the S&P 500 in October. The European debt crisis continues to grow even worse and weird financial moves are being made all over the globe. Does all of this unusual activity indicate that something big is about to happen? Let’s hope not – but historically, the biggest stock market crashes have tended to happen in the fall. So are we on the verge of a “Black October”? Words: 1200
September 19th, 2011 | Posted in Economic Overview,Economy | Read More »
Economy watchers looking for a spark of life in the exhausted, debt-ridden American consumer are quick to latch on to any signs of a pulse and the latest came in the form of higher personal borrowing in March. The $6.02-billion (U.S.) increase marked the sixth consecutive monthly advance and was nearly three times higher than the most bearish forecasts. The best news of all, however, is that credit-card debt climbed, marking only the second such rise since the housing and credit market collapse. [Unfortunately, however,] “We’re only 20 per cent of the way there” says Stephen Roach. “The American consumer is toast – stuck with a legacy of excessive debt, inadequate saving, and facing high unemployment, higher under-employment, weak incomes and holding on to assets that are under water… [As such,] you can not rule out the chances of the world sliding back into recession.” Words: 1004
May 14th, 2011 | Posted in Economic Overview,Economy | Read More »
The U.S. economy is being slowly but surely destroyed and many Americans have no idea that it is happening. There are 11 long-term trends that reveal… that there are certain underlying foundational problems that are destroying the U.S. economy a little bit more every single day. They are undeniable and they are constantly getting worse. If they are not corrected (and there is no indication that they will be) they will destroy not only our economy but also our entire way of life! Words: 2520
October 12th, 2010 | Posted in Economy | Read More »
The global economy has entered a new era, and a mercurial corporate form that the author calls the Protean Corporation will become the dominant species by the middle of the next decade. “These Protean Corporations,” he writes, “will behave like perpetual entrepreneurial startups, continuously changing their form, direction, even their identity. They will be true corporate shape-shifters.” Words: 661
March 1st, 2010 | Posted in Economy | Read More »
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