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It was only a matter of time before smartphone and other electronic shortages from top brands, including Apple and Xiaomi, were seen in India amid supply chain disruptions in China.
Although not entirely surprising, the scale of the collapse in JPMorgan and IHS Markit Economics purchasing managers' index for Global manufacturing in February is stunning.
China Orders Owners Of Closed Factories To Boost Electricity Usage, Pretend Economy Is Back To Normal
World Bank Is About To Release "Pandemic Bonds" For The First Time?
One week ago, ahead of today's Chinese data release which would for the first time capture the devastation from the coronavirus pandemic, we wrote that "to those who have been following our series of high-frequency, daily indicators of China's econom
Summary The annual growth of the working-age population is the organic baseline for growth in national, regional, and global consumption.
World Bank Is About To Release "Pandemic Bonds" For The First Time?
MSCI World Stocks collapsed from a record high into 'correction' in just five days.
U.S. stock indexes fell sharply again on Friday as the rapidly spreading coronavirus outbreak raised the alarm for a possible global recession.
It is that rarest of occasions. Not a global pandemic, because: 1) we still aren't in one yet, officially; and 2) we have had that pandemic declaration made in the relatively recent past (2009-10). Rather, we are being told by well-known voices on
Hong Kong just went full monetary-policy retard.
Let it be said that historians will surely marvel - and at some point soon - about the grand delusion of the present era.
With the DOW down nearly 1000 points WAM Contributor and Financial Advisor Tim Picciott breaks down the latest developments.
Daily updated values and stock chart of the main shipping and trade index
Michael Snyder from the Economic Collapse Blog asks a question that many are wondering, "Could it be possible that this coronavirus outbreak will be the trigger that finally bursts the biggest stock market bubble in U.S. history?"
Will the "bipartisan consensus" in Washington blame the coronavirus for the coming economic downturn? Why does the US media seem so uninterested in Julian Assange's extradition hearing today? Today's Liberty Report is all about the chaos exploding al
Censorship - Coronavirus and the economy - Assange
"It Will Be Really, Really Bad": China Faces Financial Armageddon With 85% Of Businesses Set To Run Out Of Cash In 3 Months
After President Trump once again hinted that the Chinese might have trouble delivering on their trade deal commitments in a tweet last week, his Treasury Secretary, Steven Mnuchin, has apparently contradicted his boss.
And just like that the complacency is gone with a bang.
Given the exquisite precariousness of the global financial system and economy, hopes for a brief and mild downturn are wildly unrealistic.
The Dow Jones Industrial Average closed 1,031.61 points lower, or 3.56%, at 27,960.80. The S&P 500 slid 3.35% to 3,225.89 while the Nasdaq Composite closed 3.71% lower at 9,221.28.
Chris Martenson is futurist, economic researcher and holds a PhD in toxicology from Duke University. So, Martenson has a unique perspective about the coronavirus and what its effects will be to the global economy. Don't believe the mainstream media
The economic consequences of coronavirus are quickly piling up like garbage along the streets of Los Angeles. Breaking supply chains, closed Chinese factories, iPhone disruptions, and massive shortages of Chinese made products. These developments w
The Cass Freight Shipping Index is down 9.4% year-over-year, the largest decline since 2009. And this is for January, before the Coronavirus disruption.
There was a palpable sense of disappointment last night when instead of cutting its benchmark overnight interest rates as some...
A Dubai-based operator of ports and terminals around the world is returning to full state ownership with a proposed transaction and a subsequent delisting from Nasdaq Dubai.
China Central Bank Orders Lenders To "Tolerate" Higher Bad Debt Levels To Avoid Financial Cataclysm
Money manager Michael Pento has long warned about China's rapid accumulation of debt that now stands at $40 trillion. The coronavirus coming out of China is only going to make China's problems far worse.
Remember when Larry Kudlow said that President Xi had pledged to "meet [China's] obligations" under the 'Phase 1' trade pact, outbreak be damned, and that negotiations for 'Phase 2' were "completely separate" from the outbreak?
