Germans IFO economist Wohlrabe: GDP could fall between 5 and 20% in 2020

If todays German manufacturing index data is not a warning sign of the biggest posiblle recesion in recent history, nothing is in my point of view. IMF business climate index fell to 86.1 which is the lowest level since August 2009. Also, based on the GDP projection from Klaus Wohlrabe, the World could retun inContinue reading “Germans IFO economist Wohlrabe: GDP could fall between 5 and 20% in 2020”

UK Parliament and Brexit; What a Circus

What a circus in UK Parliament lately, especially today. The British Parliament emphatically rejected Theresa May’s Brexit deal by 344 votes to 286 today for a third time, but tooday with 58 votes, which was much narrower than the 230 votes loss from in January, if that difference means anything now. The UK Parliament failed toContinue reading “UK Parliament and Brexit; What a Circus”

4Q 2018 GDP shows U.S. economy is better than thought

The U.S. economy was better than expected at the end of 2018, but it’s probably too soon to give it a clean prediction of health for 2019. That’s the main takeaway from the shutdown-delayed yesterdays report on fourth-quarter GDP, which cooled by less than expected (2.2 percent) to a 2.6 percent annualized gain thanks to surprisinglyContinue reading “4Q 2018 GDP shows U.S. economy is better than thought”

US Unemployment Rate 2009 – 2019

Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent from the previous 3.7 percent from September and November 2018, the U.S. Bureau of Labor Statistics reported on February 02. So, let’s take a quick look at the 10 year US Unemployment chart, from the highest crisis pointContinue reading “US Unemployment Rate 2009 – 2019”

Crude oil WTI lost 24.8 percent in 2018

Crude oil lost 44.3 percent from high $76.41 to low $42.53 on three months fall from October 03. until December 24. It was the biggest losing streak in the past several years due the oversupply, Saudi record output and fear from the global economic slowdown. As the oil price opened 2018 at $60.17 per barrelContinue reading “Crude oil WTI lost 24.8 percent in 2018”