On the surface, the week begins with a tale of two economies, each headed in seemingly opposite directions. In Australia, retail sales rose in November by 1.4% to over $20 billion, according to ABS data released last week. It was the strongest monthly rise in eight months. And that was before Christmas shopping really got under way.
January 11th, 2010 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "retail sales"
Economy is the Source of Wealth for Us All
Meanwhile, the financial world keeps working its way through this period of great confusion and uncertainty. Nobody knows what to think. Nobody knows what anything is worth.
December 16th, 2009 | Bill Bonner | 4 comments | Continued
Total Implosion of the Chinese Economy
You could take all of these as signs that China is leading the world to recovery and managing itself quite well. It should achieve 8% GDP growth. That’s the growth rate that China’s economic planners reckon the country must achieve to maintain high unemployment. And high employment rates promote political stability – valued above all else by a regime that makes free market gestures but still is run by old school communists.
November 12th, 2009 | Dan Denning | 24 comments | Continued
Economists Agreed the Stimulus Was Working and the Recession Was Coming to an End
We don’t know when the recession will end…but we’re dead sure that those 53 economists interviewed by Bloomberg…and those at the Fed too…don’t know either. Few of them seem to have any idea what is really going on.
August 17th, 2009 | Bill Bonner | 2 comments | Continued
