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Mike “Mish” Shedlock, Global Economic Trend Analysis There is a big difference between making a claim the economy is in recession from a claim the economy is headed for one. Case for a Global Recession I think the entire global economy is in recession and said so on July 6, 2012 in Plunging New Orders Suggest Global Recession Has Arrived However, we need to define the term “recession” Contrary to popular myth, recession does not mean two [...] Bloomberg headlines confirm the Chinese export-led growth dynamo is growing dimmer by the day: CHINA’S `NOT TOO OPTIMISTIC’ ABOUT EXPORTS IN 2012, CHEN SAYS Translation: the next several Chinese monthly surplus reports will not be pretty, [...] Jae Lee, a U.S. citizen originally from South Korea, is the entrepreneur behind Georgia Chopsticks, which manufactures chopsticks and exports them to China. From CNN: Just one word: Chopsticks. Inspired by his Asian background, an American entrepreneur is turning central Georgia into a fast-growing, job-creating region that makes four million sets of the utensils each week. Jae Lee, a U.S. citizen originally from South Korea, says his company is America’s only chopsticks manufacturer and [...] Press TV Managing Director of the National Iranian Gas Export Company (NIGEC) says Pakistan wants to transfer Iran’s gas and China is eager to import it. “Iran’s advantage over its rival countries (Qatar and Russia) is being situated between two big gas consumption markets, China and Europe,” SHANA quoted Hossein Bidarmaghz as saying. He went on to highlight China’s growing need for gas and LNG, saying that [...] |
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