Category: Global Economy
The analysis published under this category are as follows.Thursday, April 28, 2011
IMF Forecast: Can China Really Overtake the U.S. Economy by 2016? / Economics / Global Economy
Martin Hutchinson writes: According to the International Monetary Fund (IMF) "World Economic Outlook," China's output will surpass that of the United States in 2016 - only five years from now.
But don't worry. The IMF calculation is based on "purchasing power parity" (PPP), which does not reflect real money. It relies on projecting China's stellar growth rates five years into the future. And it relies on Chinese official statistics, which are more than a little questionable.
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Saturday, April 09, 2011
Near-term Economic Outlook For A Troubled World / Economics / Global Economy
An article by Victoria Marklew, Richard Thies and James A. Pressler
Although 2011 is only three months old, the world has changed dramatically. Along with the evolving European debt crisis, seemingly -isolated Tunisian protests grew to varying levels of upheaval throughout the Arab world, and an historic earthquake and subsequent tsunami have left Japan's outlook under a cloud of uncertainty. Each of these situations is significant in its scope and magnitude, but by focusing on just the key elements, the main risks can be appreciated.
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Thursday, April 07, 2011
U.S. Colombia Trade Deal to Strengthen Economic Ties with Latin America / Economics / Global Economy
Kerri Shannon writes: The United States has resolved labor issues with Colombia, paving the way for approval of a stalled free-trade agreement (FTA) and strengthening economic ties between the countries.
The United States and Colombia were expected to announce the agreement this week after months of talks, people familiar with the matter said Tuesday.
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Wednesday, March 23, 2011
The Insidious Economic Effects of Japan's Nuclear Disaster / Economics / Global Economy
While the world's attention has been focused on the physical destruction wrought by the Japanese earthquake and tsunami, the desperate attempts to contain the fallout from the shattered Fukushima Daiichi plant, and the daunting problems that Japan faces in rebuilding its infrastructure, few have truly illustrated how long-lasting and widespread the radiation's effects may be. There has also been little mention of how large radiological events affect economies of countries outside the immediate fallout zone. In truth, the disaster could make as much of an impact on investors in New York, London, or Sao Paolo as it makes on an investor in Tokyo.
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Thursday, March 10, 2011
Signs of Impending Doom for Global Economy 2011 / Economics / Global Economy
End of the American Dream writes: If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention. The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly. Right now there is major civil unrest in at least a dozen different nations in Africa and the Middle East. The civil war going on in Libya has sent the price of oil skyrocketing and the protests that are scheduled to begin in Saudi Arabia later this month could send oil prices even higher.
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Tuesday, March 08, 2011
Debt, Inflation and Global Economy Systemic Risks, The ZIRP Trap / Economics / Global Economy
I get a lot of client letters from various managers and funds, as you might imagine. I read more than I should. But one that shows up every quarter or so makes me stop what I am doing and sit down and read. It is the quarterly letter from Hayman Advisors, based here in Dallas. They are macro guys (which I guess is part of the magnetic attraction for me), and they really put some thought into their craft and have some of the best sources anywhere. So today we take a look at their latest letter, where they cover a wide variety of topics, with cutting-edge analysis and sharp insight. I really like these guys, and suggest you take the time to read the entire letter.#
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Friday, February 25, 2011
Top 12 Countries at Extreme Risk of Economic Collapse / Economics / Global Economy
Risk analysis firm Maplecroft just released its new fiscal risk index ranking of 163 countries. Europe trumps all other regions with 11 out of twelve courtiers rated as "extreme risk." However, quite surprisingly, only one PIIGS country--Italy which takes the top spot--is in the top 12.
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Friday, February 25, 2011
World Economy Returns to Pre Financial Crisis Levels / Economics / Global Economy
The year 2010 ended with considerable growths in the volumes of global trade. This index reached the pre-crisis level in December. The volume of trade increased by 15.1 percent during the year. The world economy demonstrated a stable improvement after the critical year of 2009, when the volume of global trade dropped by 13 percent. The commodity circulation is expected to increase as well, experts believe.
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Thursday, February 17, 2011
Global Systemic Crisis, World Geopolitical Breakup By End of 2011 / Economics / Global Economy
With this issue our team is celebrating two important anniversaries in anticipation terms. Exactly five years ago, in February 2006, the GEAB N°2 suddenly encountered worldwide success by announcing the next "Triggering of a major global crisis" characterized especially by "The end of the West as we have known it since 1945”.
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Wednesday, January 26, 2011
IMF Global Economic Forecast Revised Up on Emerging Market Growth & U.S. Tax Cuts / Economics / Global Economy
Don Miller writes: The International Monetary Fund (IMF) yesterday (Tuesday) raised its 2011 global economic forecast based on strong growth in emerging markets and stronger U.S. output fueled by tax-cut extensions.
The world economy will expand by 4.4%, more than the 4.2% the IMF projected in October, while growth in 2012 is expected to be 4.5%, unchanged from October, the agency said in an update to its World Economic Outlook report.
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Tuesday, January 25, 2011
The Financial Crisis, The Worst Is Behind Us / Economics / Global Economy
Steve Sjuggerud writes: "It's unprecedented," you'll hear people say.
"It's the worst since the Great Depression," you'll also hear. "We've never experienced such bad times."
Saturday, January 15, 2011
Be Wary of Rosy Economic Outlooks for 2011 … and Profit Along the Way! / Economics / Global Economy
Last year Byron Wien, the former Morgan Stanley strategist, former billion-dollar hedge fund strategist, current Vice-Chairman of Blackstone and highly touted market prognosticator predicted 2010 would be a V-shaped recovery for the U.S. economy.
He was wrong …
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Wednesday, January 05, 2011
Global and Regional Economic Outlook 2011 / Economics / Global Economy
The problem with making a year long commentary is that things can change which throws off your initial theory. That was the main problem with my forecast as Bernanke decided to launch QE2 amidst criticism from global central banks. This put a floor under the market and lit the fuse for the rally in equities and commodities.
So what happens in 2011 and how does that affect investment portfolios? From my chair looking out over the world here is what I see happening based on current events.
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Friday, December 31, 2010
The Economic Flop That Was 2010 / Economics / Global Economy
The year is almost over. Time to write the obituaries.
What kind of year was it? A flop. A failure. A loser. Just like we said it would be.
It was a “year that fizzled,” writes David Leonhardt in The New York Times.
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Friday, November 26, 2010
Global Economy Key Projections For 2011 And Beyond / Economics / Global Economy
We would first evaluate the performance of our projections for 2010 as outlined in our forecasts last year (http://www.marketoracle.co.uk/Article15943.html) before taking a shot at predicting the direction of the Global Economy for 2011.
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Friday, November 19, 2010
Bernanke Seeks New International Monetary System, Warns End of US Economic Recovery / Economics / Global Economy
In speeches before a European Central Bank conference in Frankfurt, Ben Bernanke went on an unprecedented attack, accusing China of throwing a monkey wrench into the global recovery, blaming China for slow global growth and a potential "End to the Tepid U.S. Recovery".
Thursday, November 11, 2010
China's Trade Imbalance Threatens Global Economic Stability / Economics / Global Economy
Kerri Shannon writes: China announced yesterday (Wednesday) that its trade surplus grew 60.7% in October from the month before as efforts to rebalance its economic growth this year have failed. Furthermore, recent policy tightening measures mean domestic demand is unlikely to pick up in the near future.
"The rebalancing of China's economy has an awfully long way to go – in fact it's hardly even got started," Mark Williams, an economist at Capital Economics Ltd. who previously worked at the U.K. Treasury as an adviser to China, told Bloomberg. "In normal circumstances, the world might be willing to wait, but not when the likes of the U.S. are struggling with very high unemployment."
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Monday, November 01, 2010
U.S. Quantitative Easing is Fracturing the Global Economy / Economics / Global Economy
Moreover, it may well be asked whether we can take it for granted that a return to freedom of exchanges is really a question of time. Even if the reply were in the affirmative, it is safe to assume that after a period of freedom the regime of control will be restored as a result of the next economic crisis. (Paul Einzig, Exchange Control (1934)).[1]
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Tuesday, October 26, 2010
Engineering a Global Depression to Create a Global Government, “Crisis is an Opportunity” / Politics / Global Economy
The following is a sample from an forthcoming book by Andrew Gavin Marshall on 'Global Government', Global Research Publishers, Montreal. For more by this author on the issue of the economic crisis and global governance, see the recently-released book by the Centre for Research on Globalization, "The Global Economic Crisis: The Great Depression of the XXI Century," co-edited with Michel Chossudovsky, in which the author contributed three chapters on the history of central banking, the rise of a global currency and global central bank, and the political economy of global government.
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Thursday, October 21, 2010
Global Economic Decoupling Alive and Well / Economics / Global Economy
While the US economy continues to weaken (see my recent commentary: Don't Doubt the Double-Dip), many foreign economies continue to experience solid -- even spectacular -- economic growth. When the global economic crisis began in 2008, many forecasters doubted that the world economy could return to growth without the US consumer. But the world is learning what Peter Schiff has long predicted: that the US consumer is a drag on the world economy, not an engine for growth. As "decoupling" becomes more apparent, emerging economies are forming trade links among themselves, accelerating the process of decline for the United States.
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