Double, double toil and trouble;
Fire burn, and caldron bubble.
- Macbeth, Shakespeare
Chinese factories are laying off people as their exports have slowed down. The numbers reported today are 20 million unemployed or about 15% of their workforce. With fewer orders being placed by other countries not as many workers are needed. Chinese cities are seeing reverse [...]
Posts under ‘Global Economy’
2009 Gloom & Doom Update: Social Unrest in China
2009 Gloom & Doom Update: Outlook Playing Out- Iceland Govt Collapse
Remember my previous post on what 2009 will look like? One of the things I had mentioned was growing unrest in Europe.
Yesterday, Iceland’s government collapsed and there are demonstrations across Europe. Spain, Greece, Lithuania, Latvia and Iceland have all seen protests. France, Germany and United Kingdom have been spared the demonstrations- they are also [...]
2009 Gloom & Doom update: a spot of advice for 2009
Disclaimer: This post in not meant to be a downer, just an assessment of the past few years based on indicators that I have been watching since 2003. It was obvious in 2003 that the global financial markets would collapse within 5-10 years. By 2006 it was clear that 2008 was going to be a [...]
2009 Gloom & Doom update:batten down the hatches!
In the past months the global economy has become quite sickly. Oil prices are soaring, not because of supply shortages but because of the politics of energy markets and an ever-weakening US dollar. The USD itself is a reflection of the US economy, the ongoing mortgage crises and all its ripple effects.
The mortgage crisis coupled [...]
