recession

The first time I wrote about the Baltics was back in August in a post entitled, "Are the Baltics the new Argentina?." Since then, things have gotten progressively worse and the Baltics are clearly in Depression with Latvia leading the way…

Update 31 Mar 2009: I am re-posting this post about unemployment figures from November 2008 because I think it relevant. The next unemployment number is coming out on Friday and I expect a large number. If you read this analysis, you can…

This comes via Angus Robertson over at Research Recap: Fitch Ratings forecasts that Emerging Europe (EE) will suffer its steepest fall in real GDP since the collapse of the Communist planned economic system in the early 1990s, reflecting…

If you want to know what a modern-day depression looks like, try Ukraine. Growth in the ex-Soviet state, hit by shrinking markets for its steel and chemical exports, stood at 5.8 per cent of gross domestic product in the same period of…

Spain is one of the original four bubble economies to implode.  This group includes the U.S., the U.K. and Ireland.  Unfortunately for the Spanish, in the wake of their property crash, things in Spain are looking particularly bleak with…

The following post is up on Morgan Stanley's website and highlights the degree to which money printing has become the policy tool of choice used by central bankers with which to fight this deflationary threat. I have highlighted the whole…

James Montier has a very good piece out via John Mauldin ([email protected]) on the need for real economy stimulus over financial sector stimulus. The quote I find most memorable goes to the heart of our debate about the…

The remittanc income from Mexican and Central American immigrants working in the United States bck to their home nations is not the only huge remittance flow in the world. One of significant import is in Europe, where millions of indivuals…

Recently, I have highlighted the comments of a number of investing gurus, most of whom are fairly positive on the market. This includes Jeremy Grantham, Marc Faber, Bill Fleckenstein, Fred Hickey, Marty Fridson and Steven Leuthold (Louise…

Warren Buffett spoke with CNBC about the U.S. economy and the banking system in an interview televised this morning. His basic message was that the economy cannot function without confidence in the banking system. The FDIC can work its…