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Commodities

Gross Domestic Product

Recession

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paul.kedrosky.com - 2/16/2009

Recession: Big in Japan

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This graph incorporating Japan's just-released Q4 GDP figures -- -3.3%, or a 12.7 percent annualized figure -- puts the lie to any dead-enders still determined arguing that the current recession a) isn't global, and b) isn't even worse elsewhere. [via Econbrowser ]

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fistfulofeuros.net - 2/14/2009

Italy’s Recession Deepens

— fistfulofeuros.net — Italian fourth-quarter gross domestic product declined at the fastest quarterly rate in nearly 30 years, sending Europe’s... fourth-largest economy off into an even deeper recession. According to ISTAT preliminary estimates, Italian GDP fell 1.8% ... (more) Italy’s Recession Deepens

Commodities

Gross Domestic Product

Recession

Comments vote downundo vote up Global Economy Matters found this 2/14/2009found this

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bloomberg.com - 2/16/2009

Japan’s GDP Shrinks 12.7%, Most Since 1974 Oil Shock (Update2)

— bloomberg.com — Feb. 16 (Bloomberg) -- Japan’s economy shrank at an annual 12.7 percent pace last quarter, the most... since the 1974 oil shock, amid an unprecedented collapse in exports and production. Gross domestic product fell for a third straight quarter in the ... (more) Japan’s GDP Shrinks 12.7%, Most Since 1974 Oil Shock ...

Stocks

Oil

Comments vote downundo vote up Rolfe Winkler found this 2/16/2009found this

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aleablog.com - 2/16/2009

Japan GDP: Down 12.7% in Q4-2008

— aleablog.com — Slightly worse than expected. -12.7% is the annualized rate, -3.3% was the q-on-q rate. Exports of Goods... & Services fell at 45% annualized rate. Japan GDP Email this post (more) Japan GDP: Down 12.7% in Q4-2008

Gross Domestic Product

Comments vote downundo vote up Abnormal Returns found this 2/16/2009found this

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Score One For “Unfettered” Capitalism
Coyote Blog — I think most readers of this site will understand the meme that somehow the recent Wall Street meltdown represented “unfettered capitalism under George Bush” is absurd.  The US financial industry is the most highly regulated sector of the economy, and George Bush was in no way a free market capitalist.  Bill Clinton, for example, had a better laissez faire record than Bush, in my scoring. But those pushing for a Euro-Japanese style corporate state (e.g. Barrack Obama) might beware.  It probably comes as no surprise the US economy has outperformed the EU and Japan over the last decade, but would you believe we have also out-performed ...