We've often discussed demographics as a critical long (very long) term indicator - and, by the way, the message ain't good. Goldman is finally catching up on the conversation.
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It's back - although, for some of us it was never out of sight: Europe is in trouble.
Greece is facing gdp growth rate of -3.5% and is now officially beyond low double digit unemployment (and rising).
Spain, in the meantime, is facing another liquidity crunch.
And the only thing saving the credit markets from freezing up is a quickly eroding common fund that is going to face some huge losses in the very near term.
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Markets are down about 2% as I write this. Yesterday the market started realizing that in case of emergency, the Fed has only QEII at its disposal, but simultaneously realized that it can't buy anything else.
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Fed just released its long-awaited decision - no change. Wow!
The real news came out of China where we see 2 major developments. First, there's a slowing of growth in imports. Guess what that did to commodity and commodity related stocks - yup, they're all down.
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Future Recession Risks
by Travis J. Berge and Oscar Jorda
An unstable economic environment has rekindled talk of a double-dip recession.
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Academic, General | | 
August 12, 2010 11:22 am | 
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