For years now we've had to listen to the mainstream talking heads telling us about “green shoots” and “jobless recoveries,” half-heartedly warning about the “risk” of a “double-dip recession” while noting with relief that the stock markets are doing well. Readers of this publication know better. Behind the sunshine and smiles, we are entering an unprecedented phase of economic history as the largest bubble in the history of the world—the ticking derivatives time bomb—inches closer to a day…
ContinueAdded by mystery on October 8, 2012 at 9:09pm — No Comments
France's central bank expects the country to slip into recession in the third quarter with many EU countries already in recession in the wake of the debt crisis.
The Banque de France estimates gross domestic product will fall 0.1 percent in the third quarter, from July to Sept.
It has already predicted that GDP would fall the same amount for April to June.
The bank says recession could occur after two straight quarters of falling output.
France's economy has been…
ContinueAdded by mystery on August 8, 2012 at 9:28pm — No Comments
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