Why Brazil's Economy May Get Worse Before It Gets Better (video)

Why Brazil's Economy May Get Even Worse Before It Gets Better - In today's "Single Best Chart," Bloomberg's Tom Keene displays Brazilian GDP going back to 1996 as the nation's economy fell deeper into recession, contracting 1.7 percent in the three months ending in September. Published on Dec 1, 2015


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Jerome Levy Forecasting Center, Predicts Global Recession (video)

Jerome Levy Forecasting Center Predicts Global Recession: Video - Bloomberg:
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Bloomberg’s Simon Kennedy reports on the global economy and the risk of a recession. He speaks on “In The Loop.” (Source: Bloomberg 11/11)

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Economy, Recession, Unemployment

The Nation’s Economy, This Side of the Recession - NYTimes.com: "In the five years since the United States began its slow climb out of the deepest recession since the 1930s, the job market has undergone a substantial makeover. The middle class has lost ground as the greatest gains have occurred at the top and bottom of the pay scale, leaving even many working Americans living in poverty. The housing industry, once the primary engine of growth and a fountain of jobs, has shrunk, while health care, technology and energy have led the recovery...."

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Shiller Data Questions Housing Revival

Don't pay any attention to the mainstream media baloney about a housing recovery--

Shiller Data Questions Housing Revival Power: Cutting Research - Bloomberg: "The upshot for Shiller and his colleagues is that while “a recovery may be plausible, and home prices have been rising fairly strongly in recent months, we do not see any unambiguous indication in our expectations data of sharp upward turning point in demand for housing that some observers, and media accounts, have suggested.” Shiller’s views carry weight: He forecast the end of the Internet bubble in his 2000 book “Irrational Exuberance.” He said in a second edition in 2005 that the U.S. housing market had undergone the biggest speculative boom in U.S. history. The Arthur M. Okun professor at Yale, he’s based in New Haven, Connecticut, while Case is professor emeritus at Wellesley College in Massachusetts. Thompson is an economist at McGraw-Hill Construction in Boston."

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IMF predicts slower economic growth for world (video)

Video: IMF predicts slower economic growth for world - Telegraph: " . . . The IMF also warned that the US could fall back into a recession next year if Congress does not deal with the fiscal crisis. Several large tax cuts are set to expire at the end of the year and big spending cuts are scheduled to kick in at the same time. Those changes, referred to as the 'fiscal cliff' could cause the US economy to stall next year, the report said. Mr Blanchard said failure to deal with these issues could cut up to 4 percentage points off US growth in 2013. It would also reduce growth in other advanced economies – principally Europe, Canada and Japan – by 1.5 percentage points. "If it were to happen, it would be a major, major event," Mr Blanchard said. Last August, a battle between the Obama administration and Congress over raising the limit was not resolved until the US almost defaulted on its debt. . . "

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