recession

Since June, bond yields have fallen to the point where the U.S. government is getting paid to borrow money right across the entire yield curve. The 10-year is 3.8%, while inflation in the U.S. is 5.6% . What gives? This is either a flight…

Andrew Smithers is an economic commentator whose book 'Valuing Wall Street' I highly recommend. He is another market economist who shares my view that a 'Buy and Hold' Strategy is not necessarily the best. But he also has an economic…

As you could probably tell -- from all the stories I have been writing about the Baltics, Denmark, Sweden, you name it -- I believe that Europe is the next leg down in the global housing bubble. As such, it will pay to focus as much…

As the first bubble economy to hit the skids and officially fall into recession, tiny Denmark deserves a mention. Statistics Denmark has released figures showing that house prices are falling in Denmark, which joins an ever-increasing group…

Ambrose Evans-Pritchard of the Telegraph in London is one of the more interesting reporters on the business scene. In today's Telegraph, he chronicles the depth and breadth of the global slowdown now taking form.However, the crux of his…

The key story today is pretty downbeat. It shows a global recession taking form. In the global recession section below are a number of stories from different newspapers I get in my RSS feeds from around the world. All of them are…

This from BloombergThe French economy, the euro- region's second largest, contracted in the second quarter for the first time in five years as exports declined and companies cut investments. Gross domestic product fell 0.3…

It's pretty much official now: Europe is in recession. As I predicted late last month, the Eurozone has hit stall speed with Germany now reporting a fall in GDP for the second quarter.The German economy, Europe's largest, contracted for the…

Late last month, I made a big to-do about the Baltics becoming the next Argentina. Well, part of that mess is unraveling as we speak. Estonia is in recession and Latvia is headed for recession.Read my translation of a Dagens Nyheter article…

Spain narrowly escaped negative GDP with a very marginal 0.1% increase in GDP on the quarter in Q2 2008. This is up 1.8% from last year, but way below growth rates seen in Spain over the past decade.The latest bulletin of the Bank of Spain…