Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
Related: About this forumEurope, U.S. all out of monetary tricks
via MarketWatch:
BEIJING ( Caixin Online ) Industrial production is stalling in India, and its credit rating may be downgraded to junk. Power consumption in China has slowed to about half of last years level, while consumer price inflation remains stubbornly high.
Its obvious the worlds largest emerging economies are no longer in a position to carry the global economy through tough times, as they did during the recovery years of 2009-11. And that spells trouble for the United States and Europe.
The euro-zone economy may have contracted again in the first quarter; its data fits the stagflation model quite well. Inflation grew 2.6% in the first quarter, and gross domestic product is expected to grow no more than 0.8 % this year, rising from a low base due to a contraction in the second half 2011.
Stagflation also seems to be settling over the U.S. economy. A much-hyped recovery delivered a disappointing first quarter, with preliminary estimated GDP growth up 2.2% from the previous three months and the consumer price index climbing 0.9%, or 3.6% on an annual basis. ..................(more)
The complete piece is at: http://www.marketwatch.com/story/emerging-market-woes-to-shadow-us-europe-2012-05-07?dist=beforebell
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
6 replies, 1482 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (6)
ReplyReply to this post
6 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Europe, U.S. all out of monetary tricks (Original Post)
marmar
May 2012
OP
xchrom
(108,903 posts)1. du rec. nt
leveymg
(36,418 posts)2. Recced for visibility.
No cowbell, however. If this is going the way it looks, a generalized global slowdown with cascading cross-market inflation of commodities and consumer goods, we could be headed into a global slump of indefinite duration and a downward spiral.
elleng
(131,292 posts)3. 'I suspect most countries will have to start taxing their citizens’ global earnings.'
I guess so!
Stagflation? What's U.S. inflation rate???
Prometheus Bound
(3,489 posts)5. Rising for things we need every day, like food and fuel
Falling in areas that are very painful, like housing and wages
So the overall relatively low inflation rate doesn't really tell us much.
elleng
(131,292 posts)6. Thanks. So another one of those 'statistics,' eh?
girl gone mad
(20,634 posts)4. Time for a real fiscal solution. n/t