double dip

The numbers coming out of the US today from ADP show the negative impact that coronavirus-related economic rollbacks have had on employment. The data processing firm said the US lost 123,000 jobs in December, where expectations had been for…

I want to take stock of the economic landscape in the US now that the Thanksgiving holiday is past. There are three decisive variables in my view. The first is the ability of the healthcare system to deal with the coronavirus and keep…

The incoming data in the US make clear that the US is now also in jeopardy of recording a double dip recession because of the latest Covid-19 wave, just as Europe before it. Moreover, the data also make clear that there is no healthcare -…

As I write this, I am waiting for the latest jobless claims data out of the US to be released. But, irrespective of what the data show, unfortunately we are seeing a W-shaped pattern to economic data. And that looks set to continue. Some…

Today the Wall Street Journal is reporting that German industrial output for the 4th quarter of 2012 likely fell below the output for the 3rd quarter, making it possible that Germany could lapse into recession.

The election is now over and it's time to think about what is to come. The most pressing political concern is the so-called fiscal cliff that has resulted from a budget deal Washington's politicians cobbled together to avoid default during…

This crisis has broken a lot of economic taboos, with central banks buying up assets and expanding their balance sheets in a desperate effort  to reflate a debt-laden private sector. The goal is to maintain economic growth, even at the risk…

As the Eurozone recession (which started months ago) worsens, the area's manufacturing activity, as measured by the PMI index, is contracting at a pace not seen since 2009. A great deal of this decline however is now driven by Germany…

Case-Shiller came out with some numbers earlier today, showing they too will soon be confirming the housing recovery in the US.

I think it goes without saying that the problems for Spanish and Italian regional governments are due to the austerity-induced double dip recession those economies are suffering. The real insight here is that this municipal - double dip…