South Africa Unexpectedly Plunges Into Recession

South Africa Unexpectedly Plunges Into Recession:

Despite expectations (among 19 ‘economists’) that growth would be up 1.0% in Q1, South African GDP tumbled 0.7% (the second drop in a row) pushing the nation back into recession after eight years

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Something Big That Always Happens Right Before The Official Start Of A Recession Has Just Happened

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Something Big That Always Happens Right Before The Official Start Of A Recession Has Just Happened:

What you are about to see is major confirmation that a new economic downturn has already begun.  Last Friday, the government released the worst jobs report in six years, and that has a lot of people really freaked out.  But when you really start digging into those numbers, you quickly find that things are even worse than most analysts are suggesting.  In particular, the number of temporary jobs in the United States has started to decline significantly after peaking last December.  Why this is so important is because the number of temporary jobs started to decline precipitously right before the last two recessions as well.

You see, when economic conditions start to change, temporary workers are often affected before anyone else is.  Temporary workers are easier to hire than other types of workers, and they are also easier to fire.

Read moreSomething Big That Always Happens Right Before The Official Start Of A Recession Has Just Happened

The Last 16 Times This Happened There Was A Recession…

The Last 16 Times This Happened There Was A Recession…:

Something has just happened that has signaled a recession every single time that it has occurred since World War I.  16 times since 1919 there have been at least 8 month-over-month declines in industrial production during the preceding 12 month period, and in each of those 16 instances the U.S. economy has plunged into recession.  Now that it has happened again, will the U.S. economy beat the odds and avoid a major economic downturn?  I certainly wouldn’t count on it.  As I have written about repeatedly, there are a whole host of other numbers that are screaming that a new recession is here, and global financial markets are crumbling.  It would take a miracle of epic proportions to pull us out of this tailspin, and yet there are many people out there that are absolutely convinced that it will happen.

Read moreThe Last 16 Times This Happened There Was A Recession…

Goldman Sends Out Chart Showing U.S. In Recession, Promptly Retracts And ‘Corrects’ It

Goldman Sends Out Chart Showing U.S. In Recession, Promptly Retracts It:

Earlier today, Goldman’s global macro strategist team led by Noah Weisberger released a report titled “Markets do not “Take it Easy” to start the year”, which had one very disturbing slide, i.e., “Exhibit 8.” – disturbing, because it showed that according to Goldman’s Current Activity Indicator, the US was effectively in recession; certainly disturbing enough for us to immediately tweet it with just one comment: “Oops”:

In case it is not readily visible, here it is again:

Exhibit 8: Our market-based US growth risk factor is at post GFC lows

20150120_GSEx8_orig

This was the accompanying Goldman commentary:

Read moreGoldman Sends Out Chart Showing U.S. In Recession, Promptly Retracts And ‘Corrects’ It

Chart Of The Day: Is The US Already In A Recession?

This is the “Greatest Depression”.


Chart Of The Day: Is The US Already In A Recession? (ZeroHedge, April 2, 2015):

A month ago, when looking at the latest Factory Orders numbers, we noticed something very disturbing: the annual rate of increase, or rather decrease, in factory orders dropped to -2.3%. The last two time this happened was in 2008, just after the failure of Lehman, and in 2001, just as the US was again entering a recession. In fact, if there is one reliable, false-negative proof indicator of key recessionary inflection points in the US economy, it is the annual change in Factory Orders.

Read moreChart Of The Day: Is The US Already In A Recession?

Russia Warns It May Enter Recession As Soon As This Quarter

Russia Warns It May Enter Recession As Soon As This Quarter (ZeroHedge, April 21, 2014):

While hardly coming as a surprise to anyone, Russia is getting increasingly more vocal about the near certainty that the country is about to slam headfirst into a technical (at first), and then outright recession.

  • RUSSIA MAY ENTER `TECHNICAL RECESSION’ IN 2Q, ORESHKIN SAYS
  • RUSSIAN 2014 CAPITAL OUTFLOWS MAY REACH $70B-$80B: ORESHKIN
  • RUSSIAN 2014 CURRENT-ACCOUNT SURPLUS MAY EXCEED $50B: ORESHKIN
  • RUSSIAN GDP MAY CONTRACT IN 2Q OR 3Q VS YR EARLIER: ORESHKIN

Bloomberg reports that Russia’s economy may halt or contract in 2Q or 3Q, citing Maxim Oreshkin, head of Finance Ministry’s strategic forecasting dept.

It seems that we’ll get negative growth again in the second quarter compared with the previous quarter.” Oreshkin says

Read moreRussia Warns It May Enter Recession As Soon As This Quarter

What If There’s A Recession In 2014?

Flashback:

Gold is a Crap Investment – Unless …

Inflation, Hyperinflation and Real Estate (Price Collaps)


revolver
What the Fed is looking at.

What If There’s A Recession in 2014? (Gonzalo Lira, Dec 16, 2013):

If policymakers were gunfighters, they’d be out of bullets: They have run out of effective policy tools to improve the economy.

So the question is simple: If there is a recession in 2014, and policymakers are out of bullets, how will it play out across the American economy?

Recently, Deutsche Bank’s Jim Reid very astutely pointed out that the current “expansion” of the U.S. economy is on its fifth year—the seventh longest in history.

We are due for a recession.

Read moreWhat If There’s A Recession In 2014?