Global Recession, Right Here, Right Now...

By: Mike Shedlock | Fri, Sep 2, 2011
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... Japan's Capital Spending Plummets; Eurozone PMI, UK PMI, US ISM ex-Inventory, China Exports in Contraction

It's time to stop debating whether or not the US or Europe is headed into recession. The facts show the entire global economy is in recession.


Global Recession Supporting Data-Points


Ten Things to Remember

  1. Prior stimulus in the US is dead, having run its full course
  2. There is no incentive in the US Congress for more stimulus
  3. Austerity measures have yet to hit Italy and France
  4. Austerity measures will continue to bite Spain, Greece, Ireland
  5. Germany export machine will die without the rest of Europe
  6. QE3 will fail much sooner than QE2 as interest rates already extremely accommodating
  7. Gold may respond well to competitive currency devaluation schemes
  8. The Eurozone is highly likely to breakup although timing is unknown
  9. Global equities and commodities are priced for perfection.
  10. Perfection is not happening.


Additional Reads

Talk of avoiding recession when the global economy is clearly in one and fundamentals are horrendous is sheer lunacy.

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Mike Shedlock

Author: Mike Shedlock

Mike Shedlock / Mish
http://globaleconomicanalysis.blogspot.com/

Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/