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Re: Global Economy, recession, depression, or...

Posted: Sun Aug 09, 2020 11:50 am
by admin
On why a global depression is baked in:

https://time.com/5876606/economic-depre ... ronavirus/

Re: Global Economy, recession, depression, or...

Posted: Sun Aug 09, 2020 12:25 pm
by 41southchile
admin wrote:
Sun Aug 09, 2020 11:50 am
On why a global depression is baked in:

https://time.com/5876606/economic-depre ... ronavirus/
Yup, so depression till the War comes along?

Re: Global Economy, recession, depression, or...

Posted: Fri Aug 21, 2020 6:41 pm
by admin
Peru had a 30.2% quartly drop in GDP.

https://www.bloomberg.com/news/articles ... terly-drop

and they are not done with the virus yet.

Re: Global Economy, recession, depression, or...

Posted: Fri Aug 21, 2020 9:56 pm
by admin
and argentina,

definitely not buying these bullshit numbers out of argentina

https://www.batimes.com.ar/news/economy ... nomy.phtml

'fake it until you make it', does not work with covid numbers nor GDP.

Re: Global Economy, recession, depression, or...

Posted: Sat Aug 22, 2020 10:37 am
by mem
admin wrote:
Fri Aug 21, 2020 6:41 pm
Peru had a 30.2% quartly drop in GDP.

https://www.bloomberg.com/news/articles ... terly-drop

and they are not done with the virus yet.
During the 2008 "great recession" GDP fell by around 4%
During the 1929 "great depression" GDP fell by around 15%

So what do we call it when GDP falls by over 30%?

Re: Global Economy, recession, depression, or...

Posted: Sat Aug 22, 2020 11:21 am
by 41southchile
mem wrote:
Sat Aug 22, 2020 10:37 am


So what do we call it when GDP falls by over 30%?
A Reflection/reevaluation time?
A chance to reflect whether what we were doing is sustainable longterm, and are we able to continue indefinitely doing what we were without negative consequences?🤔
Nothing in nature can grow forever on a finite resource.

Re: Global Economy, recession, depression, or...

Posted: Mon Aug 24, 2020 3:41 pm
by admin
copper inventory at the lowest level since 2007,

https://www.df.cl/noticias/mercados/com ... 90350.html

Re: Global Economy, recession, depression, or...

Posted: Mon Aug 24, 2020 3:44 pm
by admin
and, chile had a 22% reduction in copper exports

https://www.df.cl/noticias/economia-y-p ... 90403.html

Re: Global Economy, recession, depression, or...

Posted: Wed Aug 26, 2020 12:28 pm
by admin
so, FED is looking at setting a zero rate for 5 years, possibly longer.

https://www.bloomberg.com/news/articles ... nd=premium

Re: Global Economy, recession, depression, or...

Posted: Fri Oct 02, 2020 12:47 pm
by admin
So another nail in the u.s. economy. Millions that can not pay their utilitie bills.

https://www.washingtonpost.com/business ... ts-wrapper

And now the losses are dragging down water and electric companies, especially the city owned ones.