Times Online (Free subscription) | 11 hours ago
The Bank of Japan and the Japanese Finance Ministry have embarked on a bizarre public row over the threat of deflation and whether the country’s economy is poised for a recovery or slump.
The Guardian (Free subscription) | yesterday
• Finance minister says falling prices prompt 'sense of crisis' • Stagnant job market raises fears of double-dip recession Japan's fledgling recovery is under threat from falling prices as the government conceded today that deflation had returned to the world's second biggest economy for the first time in more than three years. The news prompted the finance minister, Hirohisa Fujii, to talk...
The Skeptical Speculator (Free subscription) | 10 hours ago
Bloomberg reports the Bank of Japan’s monetary policy decision on Friday. The Bank of Japan kept interest rates near zero and raised its economic assessment even as government pressure for it to fight deflation intensified. Governor Masaaki Shirakawa and his colleagues held the overnight lending rate at 0.1 percent, the central bank said in a statement today in Tokyo. The release came hours after...
The Business Insider (Free subscription) | yesterday
Honestly, we're not sure how an economy that's been in a near-constant deflationary slide since the early 90s can ever have a double-dip recession. Octuple-dip sounds more like it. But, Japanese leaders are out with a fresh warning that deflation is still causing new problems, and that despite some recent good economic growth (though we flagged it for being deflationary, mainly) a backslide is still...
Law Blog - WSJ.com (Free subscription) | yesterday
Japan's deputy prime minister acknowledged Friday that the nation's economy is in a deflationary phase and that the government will convey its view to the central bank.
CARPE DIEM (Free subscription) | 19/11/2009
Somewhat surprisingly, the Economic Research Service of the U.S. Department of Agriculture has some great international historical macroeconomic datasets . According to its website: The International Macroeconomic Data Set provides data from 1969 through 2020 for real (adjusted for inflation) gross domestic product (GDP), population, real exchange rates, and other variables for the 190 countries and...
The Mess That Greenspan Made (Free subscription) | 9 hours ago
After just spotting the headline of this WSJ story and then reading the first paragraph or two, it seemed a sure target for ridicule, particularly since that's what is done around here most of the time. But, after reading the whole report, that view had to be reconsidered. Chávez Discounts Accuracy of GDP President Hugo Chávez wasn't pleased with data released this week that showed the...
SeekingAlpha.com (Free subscription) | 9 hours ago
One particularly vitriolic reader of my last article on The Distorted Shape of the Recovering Economy seemed to think I was predicting a doomsday scenario. I was not at all. Richard Duncan’s tentatively predicted Fall of Rome scenario is a true doomsday scenario, not mine. My focus of late has been much more on the need for transparency and candor from our government on TARP I and II and the...
PrairiePundit (Free subscription) | yesterday
Jeb Hensarling and Paul Ryan: One of the strongest factors promoting recovery from our 10 post-World War II recessions was an unshakable conviction that, regardless of the immediate trouble, the American economy is fundamentally strong. Based on this underlying confidence, recessions and recoveries roughly conformed to the principle of the bigger the bust, the bigger the boom, and vice versa. Thus...
Dad29 (Free subscription) | yesterday
Ryan and Hensarling's essay in today's WSJ has a few interesting facts. Exhibit A is the economic stimulus package signed into law by President Barack Obama in February. Even among previous stimulus efforts, the 2009 stimulus stands out for its ineffective targeting and sheer size. With interest, it is $1.1 trillion, double the size of Roosevelt's New Deal spending as a percentage of GDP . That was...
Philip Greenspun's Weblog (Free subscription) | 10 hours ago
The Bureau of Labor Statistics's more inclusive U-6 unemployment rate is at about 17.5 percent (source). This does not include "discouraged" workers, so the real proportion of the expected-to-be-working population that is unemployed is probably 20 percent or more. More relevant is the number of Americans with jobs: 138 million ...
Mungowit's End (Free subscription) | yesterday
In a comment on my earlier post about Hugo Chavez's adventures in authoritarianism, Globetrotter asked, "I wonder what they will do next?" Well we didn't have to wait very long to find out : President Hugo Chávez wasn't pleased with data released this week that showed the Venezuelan economy tumbling into a recession. So the populist leader came up with a solution: Forget traditional...
Blue Mass. Group - Front Page (Free subscription) | yesterday
BMG has obtained an advance copy of Senate candidate Steve Pagliuca's policy statement on Net Neutrality. You read it here first! Defending Net Neutrality A Pagliuca for Senate Report Preserving the internet as an open resource for free speech, innovation, and job creation Since its creation, the internet has been a transformational force in the United States and an engine for job creation across a...
All Africa (Free subscription) | yesterday
A study recently conducted in 24 African countries shows that the poor state of infrastructure in Sub Saharan Africa - its electricity, water, roads, and information and communications technology (ICT) - cuts national economic growth by 2 percentage points every year and reduces business productivity by as much as 40 percent.
Daily News Analysis (Free subscription) | yesterday
India's economic growth fell sharply to 6.7% in 2008-09 after three years of over 9% expansion, largely on collapse in investments and fall in exports.
The 2 latest articles published by users on Economic Indicators :
astrosagar | 13/07/2009
On July 3rd Sensex closed at 14,913.05. On July 6 th , after Budget speech, it closed at 14,043.40. But on 10th of July Sensex fell by 1408.83 points, the largest fall in 8 months, and closed at 13504.22. The market fell because the deficit in the budget was estimated at 6.8% of the GDP, which was alarming. The financial health of the government may deteriorate due to manifold increase in subsidies.
integrityfx | 17/06/2009
The markets are at a pivotal junction at this point in time. The confidence in the global recovery plan seems to be waning, taking the positive market sentiment with it. One of the primary causes to this shift in sentiment is the falling interest in foreign countries purchasing US treasuries. So, the widely held belief is that if the US cannot fund its massive debts the world economy cannot recover.
Videos