19 January, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: IMF cuts global economic-growth outlook
The Wall Street Journal: IMF cuts global economic-growth outlook
Sliding oil prices will give global growth a brief jolt, but the benefits won’t be strong enough to keep the world economy out of a deepening long-term rut, the International Monetary Fund says.
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19 January, 2015 by The TZ Newswire Staff Comments Off on IMF slices global growth forecast for 2015
IMF slices global growth forecast for 2015
The IMF trimmed its global growth forecast for 2015, citing dimmer economic prospects for China, Russia, the euro area, Japan and oil producers.
19 January, 2015 by The TZ Newswire Staff Comments Off on A Quick Sanity Check
A Quick Sanity Check
Submitted by Adam Taggart via Peak Prosperity,
Sometimes it pays to step way back and look at things from a high level.
In response to the 2008 crisis, the world’s major central banks pumped an unprecedented amount of monetary stimulus into the system — all in the name of kick-starting enough economic growth to pull the planet out of its fundamental sinkhole of Too Much Debt.
19 January, 2015 by The TZ Newswire Staff Comments Off on Americans Are ‘Different’ From The Rest Of The World
Americans Are ‘Different’ From The Rest Of The World
In most wealthy countries, people tend to believe in evolution. But, as Vox.com notes, The US is an exceptional lonely dot far, far below the others, as this chart from the now-defunct webcomic Calamities of Nature shows:
19 January, 2015 by The TZ Newswire Staff Comments Off on SNB Decision Sparks Calls For Polish Mortgage Bailout; Central Bank Against It
SNB Decision Sparks Calls For Polish Mortgage Bailout; Central Bank Against It
As we noted last week, the Swiss National Bank’s decision to un-peg from the Euro (thus strengthening the CHF dramatically) will have very significant repercussions – not the least of which is for Hungarian and Polish Swiss-Franc-denominated mortgage-holders.
19 January, 2015 by The TZ Newswire Staff Comments Off on Chinese GDP Beats And Misses – Slowest Growth Since 1990’s Tiannanmen Square Sanctions Hit
Chinese GDP Beats And Misses – Slowest Growth Since 1990’s Tiannanmen Square Sanctions Hit
China’s broad stock indices were flip-flopping between gains and losses from the open (although securities firms continued to get monkey-hammered on more tightening by regulators) heading into the avalanche of data that hit at 2100ET. GDP growth – which was estimated at sub-7% based on real-time hard-date – was released/leaked 10mins early – rising 7.3% YoY in Q4 (just beating expectations of a 7.2% rise) but grew only 1.5% QoQ (missing the 1.7% expectation).
19 January, 2015 by The TZ Newswire Staff Comments Off on China economy grows at slowest pace in 24 years
China economy grows at slowest pace in 24 years
Gross domestic product grew 7.4 percent in 2014 from 7.7 percent in 2013, undershooting government targets of “around 7.5 percent.”