Grim news is pouring out of nearly every corner of the world including China, Japan, the Philippines, the U.S., New Zealand, and the UK. Let's kick the discussion off with a 'Frightening' Deterioration In UK Economy
Full Summary
Hard Landing Summary
* UK Retailers Worst December In 14 Years
* UK home sales lowest since the measure began in 1978
* UK interest rates lowest dating back to 1694
* Germany exports saw their largest fall in November since reunification in 1990.
* New Zealand is in its first recession in 10 years
* Philippines’ exports plunge
* Alcoa reports $1.19B loss in 4Q
* Aluminum prices collapse to 70 cents per pound from around $1.50 per pound last summer
* Japan Corporate Bankruptcies Rose for Seventh Month
* Japan Exports Slump By Record Amount
* China’s Exports Fall by Most Since 1999
* Waning export demand has led to protests by fired factory employees, an exodus of 600,000 migrant workers from the manufacturing hub of Guangdong
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