Here It Comes ……..

 

image

 

One of the stupidest things done in this recovery was essentially to bailout various parties and then ask all of the parties to do the same things we did to get us in the difficulties to begin with.  We solved nothing.  To make matters worse, we spent, (the globe) enormous amounts of capital to place ourselves right back at the beginning of  recession. 

We’ve had a spat of news lately, it’s really too much to cover individually, so I’ll just throw all of this out ……

Japan’s growth slows to 0.3%

Greek economy shrinks again

News Summary: US manufacturing shrank in July

Capital Economics predicts a 0.3% drop in French GDP, and a 0.1% fall for Germany.

Eurozone crisis live: China data takes the shine off markets

• Chinese trade data disappoints
• UK construction output falls less than expected
• Germany warns of significant risks from eurozone

NEWS SUMMARY: Fed say economy has slowed (U.S.)

 

Now, that doesn’t mean everything will fall to crap tomorrow, but it doesn’t mean it won’t either.  This news (and there’s a lot more to get just like it) underscores the horribly weak position we’re in regarding our economies.  China is even significantly slowing.  South Europe is a mess and the mess seems to be spreading north.  The U.S. continues to have bad news and now the far east has some exposed weakness. 

This entry was posted in Economics, News and politics. Bookmark the permalink.

4 Responses to Here It Comes ……..

  1. kim2ooo says:

    Regulate business into the non-profit zone – then you can bail it out.
    http://climaterealistponderings.wordpress.com/?attachment_id=1198

  2. DirkH says:

    I just read an article in handelsblatt or so debating options the state has to (partially) expropriate people.
    Like forcing everybody above a fortune of a million to lend them money for no interest; this has historically been done to finance wars.

    This will get funny. A whole new kind of incentives (not to work).

    • suyts says:

      I like it. Why waste time with all of the political class warfare. Just expeditiously confiscate wealth. That should quicken the decline considerably.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s