Canada’s economy contracted by 0.2 percent in this year’s second quarter, Statistics Canada reported.
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WEAKNESS IN RETAIL SALES AND CHINA’S ECONOMY SINKS SHIPPERS
The shipping industry has entered its peak season, the time when retailers are expecting their holiday inventories of clothing, decorations, electronics, toys, and other items.
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DE-DOLLARIZATION “IRREVERSIBLE”
The dollar’s loss of its central role in the world’s economy is “an objective and irreversible process,” Russian President Vladimir Putin told the BRICS summit on 5 September.
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INTEREST RATE HIKES HAMPER GROWTH FOR 12 YEARS, FED STUDY SAYS
Central banks’ interest rate increases slow broader economic growth for at least 12 years, according to a new study by the Federal Reserve Bank of San Francisco.
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GLOBAL GROWTH WILL SLOW IN 2024
This is old news to Trends Journal subscribers, but it's making headline news now! After exceeding expectations this year, thanks to tight job markets and consumers’ continued shopping, growth among the worlds’ leading economies will slow next year, many economists now expect.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Welcome to the second year of our listing the loss of jobs. As we have detailed, there is a global economic contraction underway that will worsen in the Northern Hemisphere as the summer ends and the reality of winter life begins to set in. In the U.S. the employment numbers are already weakening.
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CENTRAL BANKERS SEE A LOW-GROWTH FUTURE BURDENED BY DEBT, GEOPOLITICAL STRIFE
Governments, businesses, and households are toting record levels of debt. The world’s trading network is shattering along geopolitical faultlines. The world’s economy is precariously close to a recession and, at best, will grow so slowly that emerging nations may forfeit years of potential gains.
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FEDS PRESSURE BANKS TO INCREASE LIQUIDITY
In the wake of three bank failures last spring, and as the commercial real estate bust continues to unfold, federal bank regulators are pressing small and regional banks to add to their liquidity, Bloomberg reported.
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U.S FACING A REAL ESTATE “DOOM LOOP
From 2015 into 2022, small and regional banks nearly doubled the value of their loans against commercial real estate, amassing portfolios totaling about $2.2 trillion, according to an analysis by The Wall Street Journal. Those banks hold more than 60 percent of all commercial property loans in the U.S. Banks with less than $250 billion in......
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U.S. HOME PRICES ON THE RISE
In May, home prices fell in their steepest monthly drop since 2012, as we reported in “U.S. Home Prices Fall By Most Since 2012” (27 Jun 2023), U.S. home prices began rising again.