EMerging Equity
Global economy
Wal-Mart’s Worst Stock Crash In 27 Years Is Another Sign That The Economy Is Rapidly Falling Apart
By Michael Snyder Now that a major global recession has begun, you would expect major retailers like Wal-Mart to run into trouble as consumer spending dries up, and that is precisely what is happening. On Wednesday, shares of Wal-Mart experienced their largest single day decline in 27 years after an extremely disappointing earnings projection was … Continue reading
The Numbers Say That A Major Global Recession Has Already Begun
By Michael Snyder The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percent. So those that … Continue reading
What Nigeria Can Do To Weather Low Oil Prices And Slow Economic Growth
By Kalu Ojah Ever since Nigeria started harvesting its petroleum endowment, its economy’s umbilical cord has avoidably been firmly tied to the volatility of this commodity’s price. This vulnerability is demonstrably reflected in that about 65% to 70% of annual government expenditure comes from oil revenues. Historically, it’s been as high as 90%. And every downturn … Continue reading
EM Slowdown: Three Ways Latin America Is Fighting Back
By Anders Borg The IMF and World Bank meeting in Peru’s capital Lima could not have come at a more appropriate time and place. The recovery in the global economy is slower than most people have expected. Increased uncertainty about the growth model in China, lower commodity prices and market pressure building up ahead of rate … Continue reading
U.S. Recession Watch: Why NIRP — And Not A Lift-Off — Is Most Likely The Fed’s Next Move
By Eugen von Böhm-Bawerk In The Coming US Recession Charted (June 20, 2015) we argued that the US economy is heading toward recession, not escape velocity as the sell-side and Fed officials have been telling us. Today we will revisit the possibility of the US entering a recession in 2016 and by extension substantiate our argument … Continue reading
Another Petro-State Throws In The Towel: The Last Nail In The Petrodollar Coffin
By Eugen von Böhm-Bawerk According to the proposed budget submitted by the current ‘blue-blue’ government the Norwegian deficit will reach another record high in 2016. Mainland taxes are expected to bring in 1,008 billion NOKs, while expenditures are estimated at 1,215 billion NOKs. In other words, 2016 will be another year of record mainland deficit which … Continue reading
Why Are The IMF, The UN, The BIS, And Citibank All Warning That An Economic Crisis Could Be Imminent?
By Michael Snyder The warnings are getting louder. Is anybody listening? For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the entire world are warning about the exact same thing. For example, this week … Continue reading
Global Central Banks Sell U.S. Debt At Fastest Pace On Record Amid EM Slowdown
For years, emerging market Central Banks have piled into U.S. debt, in order to bolster their foreign currency reserves. This trend intensified amid booming trade surpluses fueled largely by the sale of commodities. Now, this foreign feast on U.S. debt has come to an end. Fast forward to present day, the global economy is under pressure from a slowdown in emerging markets, largely spurred by China amid falling oil prices and commodity … Continue reading
Nomura Slashes China’s 2016 Economic Growth Forecast To 5.8% From 6.7% As Slowdown To Deepen
Japanese investment bank Nomura has slashed its economic growth forecasts for China for 2016, citing a faster-than-expected pace of economic rebalancing as its primary concern. The bank trimmed China’s economic growth forecast for 2015 to 6.8 percent from 6.9 percent, however the bank has a bearish view in 2016 as it sees a dramatic economic slowdown to deepen and economic growth to slow to 5.8 … Continue reading
Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now Begun
By Michael Snyder Warren Buffett once referred to derivatives as “financial weapons of mass destruction“, and it was inevitable that they would begin to wreak havoc on our financial system at some point. While things may seem somewhat calm on Wall Street at the moment, the truth is that a great deal of trouble is … Continue reading
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