In-Depth Look: “Recession of Choice” (Video)
April 14, 2008
Apr. 14, 2008. 08:39 AM EST
Analysis and Discussion with Lakshman Achuthan of Economic Cycle Research Institute
Transcript:
our next guest says elieves the slowing conomy is in gony ituation never seen before. is the managing artner conomic ycle research institute. > what do you ean es, different iew. any eople re glossing ver his will we look back t the antecedents of why we are ere it is bvious t is redit issue n a housing ubble. s recently s a ew weeks go, iterally, ecession as voidable ecause ll of his premature essimism we have had. his could e the orst orecast ever. here have een ecession forecasts ince 005 nd the effect of hat f saying ecession have ad usiness anagers playing verything close to their hests e talked urselves into t? it s more omplicated han that. veryone has ad ow nventories for years. hen, ad acceleration four- igh, ushing nventories low. his is mportant ecause over alf he ecessionary impulse of the decline that ccurs ith job osses, he roduction declines, it omes rom manufacturing ector. at was irtually bsent rom the cene in recent onths. policy aker nderstood this and could o anything, ny out of he box hing oost boost onsumption or a moment that immediately ifts roduction and orestalls firing. we would not be ere hree months ob losses. s a ecessionary piral. hat hy the ecession s a choice. m not saying did you did not have to pay the piper or the credit ebacle or he housing ouble. you ust, but you could be paying that iper s some breathing room. ecession will ake these hings worse. chovia is an xample. e is surprising everyone. these re mart people who were urprised by a pullback. at is a recession. he use easures e had not een since the great depression here ere a arge institutions trying o run interference? bsolutely, hat they have one n a recent weeks orthy of praise. hey id hat must be one. therwise here would have een a bigger problem. hey ave to make p for he act that they were ehind the curve which ade ll these hings worse. iming is key. point that he one person was king s that ou do ot lowly fall into ecession, you ump into it. the rompt timing f policy to vert it s so ritical. as a esult rom ot eing quick nough e will pay much more. erms f how o get out it. n the campaign rail here are a lot f proposals about bout how o spend money. what do you take bout advance etail ales? it is nly one month, but you oo ense etter than expected. - you aw2/ etter. > with asoline sales, hat ve where ge appliances fell. hen you add his up ith roader industry ales, you will till see a luggish if ot contracting economy. slice he conomy, almost two-thirds. usinesses are really ulling back. you ave to leave s with positive note. when does urn round? we’ robably a ew onths into this one. here’ s a oundation f all his liquidity oing in to boost the economy. ater down the oad we will ave to worry bout nflation, not yet. ed till has room to anage it. s there going e cut? > more than ou hink rom these guys. it is bout ighting the recession now. nflation eaked a nths into the ecession with he post- ecessions. >> thank you.
European Earnings & Equity Strategy; Outlook For Philips; Outlook For Global Currencies; Earnings & Global Economy (Video)
April 14, 2008
Apr. 14, 2008. 01:52 AM EST
G-7 downgrades outlook for world economy, anticipates weaker economic growth; Dollar rises after G-7 officials signal alarm at pace of slump; Analysis by Stephen Pope of Cantor Fitzgerald Europe
Currencies Volatility & Global Economy (Video)
April 14, 2008
Apr. 14, 2008. 12:15 AM EST
Dollar rises against Euro, Yen after G-7 raise concern about currencies; Rupiah weakens with Peso as rice feeds asian inflation surge; Zhou says market dominates Chinese Yuan exchange rate; Analysis by Aaron Pan of Bloomberg News
Transcript:
hich rice increases? hese re ifferent stages. re definitely anting o rely n the pricing mechanism. e was speaking ne f our reporters. here re oncerns bout slide he dollar and olatility, now talk aron an. his has ot een ll hat all the volatile. - all that the olatile - all that olatile re waiting to ee if there is going to e any kind of tervention, e’ re doing this ooking forward. e want to ee if this s a sign of things to come. > we will have ome nalysis, in the next few minutes. et’ ook his, e have some olatility rom he rice eating countries. hat is appening here? ith hese currencies for southeast sia, we hem at high not seen in several ears, and he government’ s and he central banks are also sing his to control inflation. hey are concerned hat his ould rise ecord involving other commodities as ell, hey may be pulling out of this. > and a comment about this the interest rates e were talking bout he arket laying a bigger role in he alue the yuan. aid this would dangerous for the exchange ate not to eflect on the economy. hould be appier hat market is determining more of the movement. lso ave the nderlying currency appreciating. his has to be seen. > thank you very uch for that. have aid, e will ind out a little bit ore bout what is going o be coming p, ill there be ny ind of ction at any time? ill ind out more bout his after the break. him.
China’s Currency & Economy (Video)
April 14, 2008
Apr. 14, 2008. 12:11 AM EST
Analysis by Zhou Xiaochuan, People’s Bank of China Governor
Transcript:
hose re the economic tatistics, et out n thursday. e will ave much more ata, ncluding sset investments. his ill be coming up this week. hinese central ank chief says that interest ates re best tools or maintaining stable growth. hey said hat there till room or ending and deposit ates o go forward. ave already decided look nto reform. e are ontinuing ork with lexibility, ealing with the current situation. re also dealing ith the yen appreciation. believe hat his is a kind - this is orrecting he global imbalance. elieve hat we o these things ccording o our own conomic ituation and our own conomic analysis. ome f these are related he anti-inflation policy. cause hina is a ery large untry, e are ighly dependent on the exchange ate for eaching the inflation target. what bout he interest rates? re talking bout he health the ature of he chinese apital market his is of concern. at can we xpect to ee? ill there be i ise n the reserve ratios? here is oom hat they are ing for the interest ates, think many people nderstand this very well. ut in the ecent ime, re needing to bserve e have to bserve he interest rate olicy, nd what is appening in rope ecause verything be working ogether ust also look o the ituation decide hich nstruments nd elp the current tuation ome to a good end. robably the anti-inflation policy ombination oth of these measures. ou are in avor f hich rice increases? hese re ifferent stages. re definitely anting o rely n the pricing mechanism. e was speaking ne f our reporters. here re oncerns bout slide he dollar and olatility, now talk aron an. his has ot een ll hat all the volatile. - all that the olatile - all that olatile re waiting to ee if there is going to e any kind of tervention, e’ re doing this
With US in crisis, global economy in peril: IMF
April 9, 2008
The global economic outlook is becoming increasingly grim as the United States appears unable to escape recession from a housing meltdown whose effects are still spreading, the IMF said Wednesday. Global expansion is set to slow to 3.7 percent in 2008…
Rising Commodities to Hit Consumers (Video)
April 9, 2008
Kevin Kerr, an analyst at Resource Trader Alert, talks with MarketWatch’s Kelsey Hubbard about the ripple effect of rising commodity prices. (April 9).
World Economic Outlook is gloomy (Video)
April 9, 2008
The IMF forecasts a gloomy outlook for the world economy in its latest report ahead of the spring meetings of the IMF and World Bank………one of the latest updates from Feature Story News bureaus worldwide. On the web at www.FeatureStoryNews.com @ 2008 Feature Story News
IMF Lowers Global Growth Forecast (Video)
April 9, 2008
04/09/08 The International Monetary Fund has lowered its global economic growth outlook while increasing the possibility of a recession.
Crude oil flirts with record (Video)
April 9, 2008
Citigroup is close to selling $12 billion in leveraged loans and bonds, according to sources familiar with the matter.Boeing pushed back the delivery date for its 787 Dreamliner jumbo jet for the third time.Conway Gittens reports from New York.Conway Gittens reports from New York.
Oil Hits All-Time High Trading Price on NYMEX (Video)
April 9, 2008
04/09/08 After news of a weakening dollar combined with an unexpected report of a drop in crude inventories, US light-sweet crude traded at an all-time high of $112.21 per barrel and settled at an all-time high of $111.83 per barrel.
Recent Posts
- UK inflation ‘could top 4%’
- In-Depth Look: “Recession of Choice” (Video)
- Currency Cross-Check: Dollar Rise; Commodity Currencies; Southeast Asian Currency (Video)
- European Earnings & Equity Strategy; Outlook For Philips; Outlook For Global Currencies; Earnings & Global Economy (Video)
- G-7 & Forex Markets; G-7 & Financial Stability Forum (Video)
- Currencies Volatility & Global Economy (Video)
- China’s Currency & Economy (Video)
- UK rice price doubles (Video)
- Pre Market U.K.
- BoE cuts rate, ECB holds (Video)
- US Dollar Trades at Record Low Against the Euro (Video)
- Bank of England cuts interest rates to 5% (Video)
- Japan stocks falls, China region climbs (Video)
- With US in crisis, global economy in peril: IMF
- Rising Commodities to Hit Consumers (Video)
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