recession

The ECRI released the following chart on the year-over-year growth in US real personal income. The takeaway here is that personal income growth is seriously flagging going into the fiscal cliff which promises to turn income growth decidedly…

Lakshman Achuthan is sticking to his call that the US will enter recession in the second half of 2012. He spoke to CNBC's Squawk Box crew about it this morning. Take a look.

The Eurozone is experiencing a sharp contraction in the retail sector.

I have been saying that I expect German data to disappoint and come in on the softer side. Why? This post explains.

Gary Shilling recently wrote a five-part series for Bloomberg News on the economy. His view is that GDP growth comes primarily from consumers spending from either higher income or from reduced savings and debt accumulation. In his view, the…

The Czech Republic is the first economy in central and eastern Europe to slide back into a full technical recession during the current downturn (evidently it is unlikely to be the last).

Stephen Roach told Bloomberg television earlier today that he does not expect the recession in Europe to be severe. Therefore, he believes the impact on other economies, particularly in Asia that depends on Europe for external demand for…

While Germany has done well of late, it was crushed by the downturn in 2008 and has an economy highly levered to external macro shocks since exports is a very large percentage of German GDP. German macro economists are forecasting recession…

Foreign financial news for 29 November 2011

News links for 28 November 2011