By Jeffrey P. Snider, Alhambra Investment Partners When commenting on any weakness in the US economy, it has become common even shorthand for any outlet or author to affix the conventional explanation. Suspiciously low growth rates and far too many outright contractions, especially in manufacturing and industry, are blamed on overseas weakness and the dollar as … Continue reading
By Marc Chandler, Marc to Market Blog Yesterday, China announced one of the most important tax reforms of the past twenty years. It is replacing a business tax on gross revenue for non-manufacturing companies with a VAT.  Manufacturing companies have been subject to a VAT approach for a few years. The reform extends it from manufacturing … Continue reading
By Anzetse Were A report by the Overseas Development Institute (ODI) analyses four services sectors in Kenya to determine the role of services in economic growth. The four sectors analysed are the financial sector, IT services, transport services and tourism services. The report argues that services are becoming increasingly important, even for non-industrialised countries such … Continue reading
By Simon Black, Sovereign Man “Prosperity is like a Jenga tower. Take one piece out and the whole thing can fall.” That’s a direct quote from John Williams, the President of the San Francisco Federal Reserve Bank in a speech he gave a few weeks ago. He could have just as easily been talking about propaganda. The … Continue reading
By Anzetse Were An analyst with the Brookings Institution made an important point during a podcast recently; China will shed 85 million jobs at the bottom end of the manufacturing sector between now and 2030. So naturally the question becomes: where will they go? The analyst made the point that at the moment most of … Continue reading
By Michael Snyder We haven’t seen numbers like these since the last global recession. I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing. We just learned that manufacturing in China has now been contracting for seven months in a row, … Continue reading
By Michael Snyder We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low. If the … Continue reading
By Bob Hennelly, WhoWhatWhy I. The Year of the Red Monkey, also known as the Fire Monkey, starts next month in China. According to Chinese astrologers, the year will be a real rollercoaster ride, filled with surprise and mischief. And, they say, it bodes well for individual initiative, as opposed to collective effort. Will these predictions … Continue reading
By Raghbendra Jha On the back of expanding global trade and buoyant exports the Indian economy managed to grow at more than 9 per cent annually between 2005–6 and 2007–8. But following the global financial crisis, and subsequent sluggish world output and trade trends, economic growth in India has been lacklustre and remains well below … Continue reading
By Michael Snyder If the U.S. economy really is in “great shape”, then why do all of the numbers keep telling us that we are in a recession? The manufacturing numbers say that we are in a recession, the trade numbers say that we are in a recession, and as you will see below the … Continue reading