double-dip recession are growing louder by the day.
Category: Economy
No double dip (probably)
The economics research team at Goldman Sachs has done excellent work over the past few years; they were among the most prescient forecasters in seeing the economic damage that the housing bust and credit crisis would wreak. So their analysis is worth a particularly close read.
Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery!
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Most commodity prices fell broadly
Commodity prices fell broadly as a plan to fix Greece’s crippling debt crisis remained far from settled, renewing concerns about global economic growth.
Oil prices, global stocks fall; gold rises
Concerns about the debt crisis have weighed on oil markets in recent weeks, adding to worries about weak US economic data that could hit fuel demand.
“It doesn’t look like the two biggest items were seriously discussed today — the potential for a euro bond and the size of the stabilization/bailout fund,” said Edward Meir, senior commodity analyst for MF Global in New York.
Crude prices dropped before the meeting as data showed sluggish German growth hobbled the euro zone, dragging US stocks. The euro slid against the dollar.