A month ago we pointed out that even as the Chinese credit bubble – at a record 240% of GDP on a consolidated basis – is now clearly out of control, the far more disturbing aspect of China’s credit-fueled economy is the ever declining boost to economic growth as a result of every incremental dollar created. Indeed, as the economic response to “credit shock” becomes lower and lower, even as the inflationary [...]
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Credit Shock Dead Ahead: China Money Formation Soars To 2-Year High As Delinquent Loans Surge By 29%The impact of drones on privacy and national security remain matters of intense debate, but the economic impact, however, is becoming clearer by the day. Private-sector drones will create more than 70,000 jobs within three years and will pump $82 billion into the U.S. economy by 2025, according to a major new study commissioned by the industry’s leading trade group, the Association for Unmanned Vehicle Systems International (AUVSI). The study assumes that drones [...] This is an informative wargame scenario that is quite good. Its a must watch. My theory is that if WW3 ever erupts, it will start in Asia and not the middle east. The wildcards being Japan and China, and North and South Korea. Could be either of these two ticking timebombs that sets the whole thing in motion. http://www.onlinemba.com/blog/economic-war-between-china-japan On Monday’s CBS This Morning, Cheesecake Factory CEO David Overton spotlighted the looming economic impact of Obamacare’s implementation, especially on small enterprises: “For those businesses that don’t cover their employees, they’ll be in for a very expensive situation.” Overton also warned that the cost of the law would be passed on to customers. Anchor Norah O’Donnell raised the issue of the still-controversial health care law: “One of the things that’s going to [...] by Mike Shedlock, Global Economic Analysis: Inquiring minds as well as commodity bulls need to consider the likely economic impact of China’s commodity imports and how sustainable those imports are. For example, please consider China’s Cotton Reserves Enough to Meet Deficit for Six Years “Cotton stockpiles in China, the world’s biggest importer, are set to climb to about 9 million metric tons this season, enough to cover the country’s deficit for the next six years, [...] SPECIAL BLOOMBERG ECONOMIC BRIEF: FISCAL CLIFF EXPIRATION OF TAX & SPENDING MEASURES TO CAUSE MILD RECESSION IN 2013 Commentary by economist Joseph Brusuelas
Bloomberg BRIEF Economics Follow Joe on Twitter at @joebrusuelas In a special supplement to today’s “Bloomberg BRIEF Economics,” Bloomberg economist Joe Brusuelas writes that the fiscal cliff poses a “significant risk” to U.S. outlook. Brusuelas writes, “The current Bloomberg consensus forecast is for a growth rate of 2 percent in [...] From Pragmatic Capitalism: That’s the message coming out of a prominent European hedge-fund manager. Jamil Baz of GLG Partners told investors at a conference yesterday that the crisis could last another 15-20 years. Some of the key insights (via Reuters): “This crisis has not even started. It will take an extremely long time to reach its peak velocity, and by a long time I mean at least 15-20 years,” Baz, who co-manages [...] Medical care accounts for 18 percent of the U.S. gross domestic product — and it is taking up at least as much of the mindshare of plenty of American entrepreneurs and business owners. At this very moment, the economic basis of the entire health-care system is up in the air, as a result of the imminent U.S. Supreme Court opinion in the health care reform law cases. Court observers expect the [...] (Reuters) – The global financial crisis has barely started and is likely to last for at least another 15 to 20 years as major economies cut debt levels, according to Jamil Baz, one of Europe’s most prominent hedge fund managers. Baz, chief investment strategist at GLG Partners, told the GAIM 2012 conference in Monaco that total debt levels in a number of major economies had actually risen since 2007 and had [...] A new generation of insect larvae is eating the roots of genetically engineered corn intended to be resistant to such pests. The failure of Monsanto’s genetically modified Bt corn could be the most serious threat ever to a genetically modified crop in the U.S. And the economic impact could be huge. Billions of dollars are at stake, as Bt corn accounts for 65 percent of all corn grown in the US. The [...] Sara Eisen is a Bloomberg TV macro reporter with a finger on the hottest debates in economics from Asia to Europe.
In that position, she has one major advantage over your average investor on the Street — access. Eisen talks to everyone in macro economics. And recently, she spoke with Wall Street Sector Selector about what her sources are really worried about. One of them is pretty obvious, the other, perhaps not so much: From the [...] 2012 will be the 11th time in my short life that I will be able to participate in the choosing of a president of the United States.
While it may just be me, it seems like each and every election is cast as the most important election of our time and a defining moment for the American Experiment. The future of the Republic was being weighed in the balance, and only the [...] From The PERColator: There has been plenty of bad news about bees lately. In 2006, beekeepers reported the mysterious disappearance of abnormal numbers of honeybees from their hives over the winter. The affliction, now known as Colony Collapse Disorder (CCD), has gripped the attention of the media—and perhaps for good reason. Honeybees are responsible not only for the honey in your cupboard, but also the pollination of many of the crops [...] By JOHN MERLINE, INVESTOR’S BUSINESS DAILY Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers. In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force — they aren’t working, and they aren’t looking — according to data from Labor’s Bureau [...] PARIS (AP) — The Organization for Economic Cooperation and Development says policy makers around the world must “be prepared to face the worst,” as the economic impact of Europe’s debt crisis threatens to spread around the developed world.
The Paris-based OECD says in its latest Economic Outlook that continued failure by EU leaders to stem the debt crisis that has spread from Greece to much-bigger Italy “could massively escalate economic disruption” [...] When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to [...] Two billionaire magnates, the founds of huge successful enterprises, have dramatically spoken out against President Obama’s management of the economy. They have been joined in criticizing the president by several CEOs of big companies. Normally, the heads of huge enterprises are cautious about offending presidents, but the magnitude of the disaster apparently has caused these men to speak truth to power. Home Depot founder Bernie Marcus [...] When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to [...] A growing number of House Republicans are expressing doubt about the need to raise the federal debt ceiling by Aug. 2, as the Treasury Department insists is necessary, sharply raising the political and economic stakes as congressional leaders try to secure a deal to raise the nation’s borrowing limit. Treasury Secretary Timothy Geithner has said if Congress doesn’t raise the $14.294 trillion debt limit by [...] Q1 2011 is going to be very ugly for Japan. The immediate economic impact of the Japanese disaster is going to be negative growth of 8.6% annualized in Q1 2011, according to Societe Generale. That’s a horrendous number, but it masks what is going to be a strong comeback only a quarter later, when growth will be 7.8% annualized. For the year though, Japan will perform weaker than expected, [...] As Republicans and Democrats in Congress haggle over the budget, most voters would rather have a partial shutdown of the federal government than keep its spending at current levels. A new Rasmussen Reports national telephone survey finds that just 33% of Likely U.S. Voters would rather have Congress avoid a government shutdown by authorizing spending at the same levels as last year. Fifty-eight percent (58%) says [...] by Paul Hein The Cars and the Money As a teen-ager I toured the Ford Assembly Plant in St. Louis (actually, in Hazelwood, a suburb) with my parents in 1949, the year after it opened. Mercury automobiles were being put together there, in a pageant fascinating to watch. From various directions, parts would arrive on conveyers and the workers would attach them to the slowly moving auto-to-be [...] From Nic Lenoir of ICAP Bring on The Fed Already We expected a week of consolidation and ranging ahead of the Fed and we got just that. One could have thought equities would underperform a bit more but so far they are holding up. It is worth noting though that there is a lot of divergence on the 3-hour chart of the Nikkei, the Vix signal is [...] Mcdonalds, Wal-mart, Kraft, P&G and Intel will do well in emmerging markets over next 20 years but vast majority of stocks will tank over next 20 years. If you adjust Dow for inflation we are in a bear market like the 60s/70s that will last for another 5-10 years. In about 2 years all 50 states will be forced to reform their public sector pay/pensions and that will have a very good [...] By North America correspondent Kim Landers http://www.abc.net.au/news/stories/2010/06/08/2921219.htm?section=justin United States president Barack Obama is warning that the economic impact from Mr Obama is trying to reassure Gulf coast residents that they will get through “What is clear is that the economic impact of this disaster is going to be 1. Civilian work force = 153,911,000 So, to get the actual economic rate you need to ADD 2-4 together and DIVIDE by 1+4 for a total of 29,395,000 divided by 159,776,000 or 18.4% un/underemployed at this time. Then consider that 80% of all households are double income, you have the POTENTIAL economic impact on the budgets [...] Consumers are returning to their reckless spending behavior, because they’re being criminally misled to believe we’re in the first stages of an economic boom the likes of which the world has never seen…The only way to get what is probably now 80% of our economy going, is through deception and outright lies… The difference today is that home equity lines have nearly vanished as more and more mortgages go under water, [...] |
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