Stocks opened higher this morning (Dow +152 pts; SPX +.78%), attempting a rebound. China’s markets are fortunately closed for the next few days due to a holiday. 417 more words
Tags » GDP
It would be unfair to accuse the federal parties of immediately trying to put their spin on yesterday’s StatsCan report that indicated this country is in a “technical recession”, if only because the parties have in fact been putting their spin on the report at least a week before it came out. 708 more words
The recent market downdraft and related uncertainty in China have led to many investor questions. The strong 6.5% rebound in the S&P 500 over the last three trading sessions (August 26, 27, 28, 2015) has cut the S&P 500’s losses from the 2015 peak (2130 on May 21, 2015) to 6.7%. 1,461 more words
The global economy is in deep trouble.
Forget the headlines reporting meager growth in the U.S. Forget the positive news about German exports. Ignore the stories that China’s worries are overblown (see The Economist leader, … 1,160 more words