By Nick Beams, 8 December 2015
Junk bonds are heading for their first losses since the global financial crisis, indicating the present stock market boom may be living on borrowed time.
By Nick Beams, 5 December 2015
The renminbi’s elevation to the status of a global reserve currency is an expression of vast shifts in the world economy that underlie the rise in geopolitical tensions.
By Mike Head, 2 December 2015
The investment figures throw into doubt the government’s efforts to talk up the country’s economic prospects.
By Nick Beams, 1 December 2015
The decision to include the Chinese renminbi as an international reserve currency will be viewed by Beijing as a step forward but it is a two-edged sword.
By Nick Beams, 24 November 2015
There is a growing realisation among policymakers that their economic models are no longer applicable.
By Andre Damon, 24 November 2015
Under conditions of deepening economic and political crisis, the world’s ruling classes are willing to use any means necessary to ensure their continued monopolization of society’s wealth.
By Nick Beams, 18 November 2015
The deepening economic slump in Japan points to the failure of the program of “Abenomics” to provide any real economic boost.
By Nick Beams, 16 November 2015
The loss of output following the global financial crisis is equivalent to the removal of Germany from the world economy.
By Barry Grey, 14 November 2015
That the US, whose economy is growing at an anemic rate of about 2 percent, is deemed the world’s “bright spot” says a great deal about the failure of the G20 to engineer a genuine recovery from the 2008 financial crash.
By Nick Beams, 10 November 2015
The Organisation for Economic Cooperation and Development warned Monday that the sharp slowdown in world trade could be a harbinger of recession.
By Andre Damon, 3 November 2015
Global stock markets are surging as negative economic news makes interest rate cuts by central banks more likely.
By Nick Beams, 3 November 2015
Japan, the world’s third-largest economy, is hovering on the brink of recession as quantitative easing fails to provide a boost.
By Marianne Arens, 2 November 2015
The Ver.di trade union is cooperating with the Deutsche Bank management to lay off tens of thousands of workers.
By Barry Grey, 29 October 2015
The Fed has come under enormous pressure to abandon its stated intention, declared last year, to begin gradually raising interest rates in 2015 for the first time in nine years.
By Nick Beams, 26 October 2015
There is no recovery in the global economy, as one emergency measure is piled on another, and those in charge of economic and monetary policy have no idea how to engineer one.
By Nick Beams, 23 October 2015
China’s economic slowdown will heighten deflationary and recessionary trends throughout the world economy.
By Nick Beams, 20 October 2015
Although China’s third-quarter growth rate was the slowest since 2009, the real state of the economy may be even worse than presented in official figures.
By Nick Beams, 15 October 2015
Chinese imports have fallen by one fifth over the past year as credit-fueled growth slows.
By Patrick Martin, 14 October 2015
The growth of global inequality has reached a turning point, with the financial aristocracy owning more than the rest of the human race combined, according to a Credit Suisse report.
By Nick Beams, 12 October 2015
A report issued on the eve of the IMF-World Bank meeting said that emerging market economies had over-borrowed by $3 trillion over the past decade.
By Joseph Kishore, 9 October 2015
As the world enters the final months of 2015, it can be said that not only the frequency, but also the intensity of crises is reaching a new inflection point.
By Nick Beams, 9 October 2015
The world capitalist economy is being hit by two interconnected and toxic processes: worsening economic stagnation and the mounting risk of a major financial crisis.
By Nick Beams, 8 October 2015
The foundation of the TPP is not free trade but an alliance between the US and Japan to weaken China and create the conditions for reducing it to semi-colonial status.
By Mike Head, 6 October 2015
The TPP is a wide-ranging blueprint intended to be the economic instrument of the US military and strategic “pivot” to Asia to confront China.
By Nick Beams, 6 October 2015
Like players in a gambling casino given free chips by the house, financial investors boosted share prices on the prospect that interest rises in the US are off the table for this year.
By Nick Beams, 3 October 2015
The recessionary trends and falling commodity prices gripping the global economy are having a growing impact on the United States.
By Nick Beams, 1 October 2015
The crisis of mining giant Glencore, whose shares plunged by 30 percent this week, is only one expression of the slump gripping the global economy.
By Mike Head, 26 September 2015
The mining investment boom that partly shielded the Australian economy from the full effects of the global financial crisis, has gone into sharp reverse.
By Nick Beams, 25 September 2015
The speech by US Fed chairwoman Janet Yellen Thursday sought to counter criticisms of the decision last week to keep interest rates on hold.
By Barry Grey, 24 September 2015
The very economies that were hailed as the engines of global growth following the Wall Street crash of September 2008 are now at the forefront of a deflationary crisis that threatens to plunge the world into a full-scale depression.
By Nick Beams, 22 September 2015
Divisions have emerged in financial circles over the Fed’s decision not to lift interest rates, highlighting the absence of any coherent policy on the part of those in charge of the financial system.
By Barry Grey, 18 September 2015
Exuberance over the decision to delay a rate hike was tempered by concerns over the state of the global economy and financial system as reflected in the Fed statement.
By Ben McGrath, 18 September 2015
The S&P move is a signal to Japan that the financial markets demand further measures to shift the economic burden onto the backs of the working class.
By Nick Beams, 15 September 2015
Seven years after the eruption of the crisis, financial parasitism has reached unprecedented heights while the global economy stagnates.
By Andre Damon and Barry Grey, 12 September 2015
Crisis is not the exception, but the rule. The very speed of events, with virtually no intervals of calm between the storms, denotes an intensifying general crisis.
By Nick Beams, 11 September 2015
The market gyrations are an expression of the combination of greed and fear that underlies financial markets, arising from their parasitic dependence upon ultra-cheap money.
By Peter Symonds, 11 September 2015
Despite heavy government intervention, share markets are still volatile, amid more evidence of a marked economic slowdown.
By Peter Symonds, 8 September 2015
The downturn in the Chinese economy is reverberating around the world, nowhere more so than in Asia.
By Nick Beams, 7 September 2015
The G20 meeting pledged to keep the global economic “recovery” on track despite warnings by the IMF that its forecasts for growth made as recently as July were no longer applicable.
By Andre Damon, 2 September 2015
Renewed assurances from the Federal Reserve of continued infusions of cash into the financial markets have been insufficient to calm fears of a sharp deterioration in world economic activity.
By Andre Damon, 31 August 2015
Once again, the world’s central banks and governments have made clear that they will do whatever it takes to preserve the wealth of the financial elite.
By Peter Symonds, 28 August 2015
Questions are already being raised about the future of Chinese Premier Li Keqiang who is immediately responsible for economic policy.
By Barry Grey, 27 August 2015
The US central bank is prepared to provide whatever public funds are needed to shield the financial elite from the consequences of a new eruption of the capitalist crisis.
By Andre Damon, 26 August 2015
As an early rally in US markets “turned to dust” Tuesday, there were calls for a new round of Fed money-printing to once again rescue the financial elite.
By James Cogan, 26 August 2015
Underlying the declarations of “urgency” is the rapid deterioration of Australia’s economic position.
By Barry Grey, 25 August 2015
Within four minutes of the trading start, the Dow had sunk by 1,089 points, or 6.6 percent, the biggest single-day point drop in US history.
By Andre Damon, 24 August 2015
The global stock market selloff reflects the inability of governments and central banks to address the fundamental contradictions of the capitalist system that led to the Wall Street crash of 2008–2009.
By Barry Grey, 22 August 2015
The meltdown on equity markets is being driven by signs that the world economy is sliding into a new recession or outright depression.
By Andre Damon, 21 August 2015
US stocks fell by the largest amount since February 2014, as fears of a world economic slowdown mixed with concerns over global exchange rate instability and geopolitical conflict.
By Barry Grey, 19 August 2015
Seven years after the Wall Street crash, fears are growing within ruling circles internationally that the world capitalist economy is descending into depression.
By Barry Grey, 18 August 2015
The Japanese report followed a wave of negative data pointing to sharply slower growth in China and last week’s surprise devaluation of the renminbi.
By Andre Damon, 15 August 2015
Under conditions of slowing economic growth and record amounts of cash on corporate balance sheets, mergers and acquisitions are being used to intensify the assault on the working class.
By Nick Beams, 13 August 2015
The efforts to limit the fallout from the decision by China to devalue its currency could be undermined by recessionary trends in the global economy.
By Roger Jordan, 13 August 2015
Canada’s government and business elite are livid over a US-Japanese deal that would undermine its privileged access to the US auto market.
By Nick Beams, 12 August 2015
Stock markets and commodity prices fell sharply in the wake of the decision to devalue the yuan, reflecting concerns about the perilous state of the Chinese and world economy.
By Andre Damon, 5 August 2015
The filing signals a new assault on jobs in the already devastated US coal industry.
By Nick Beams, 4 August 2015
The latest US economic data show a contraction in investment amid the lowest wage increases in more than 30 years.
By Mike Head, 3 August 2015
The latest failure of Trans-Pacific Partnership negotiations is a debacle for the US drive to counter China.
By Oscar Grenfell, 3 August 2015
The Obama administration’s ongoing push for the Trans-Pacific Partnership (TPP)—a trade bloc of 12 countries—seeks to enshrine US economic dominance over the Asia-Pacific in binding agreements.
By John Roberts, 29 July 2015
International finance capital and local business interests have stepped up their demands for a new Indonesian cabinet.
By Andre Damon, 28 July 2015
Chinese financial authorities announced a new round of share purchases in the latest attempt to prop up the country’s plunging stock market.
By Nick Beams, 27 July 2015
Anglo American’s decision to cut one-third of its workforce is symptomatic of the job destruction ripping through the global mining industry as commodity prices plunge.
By Nick Beams, 23 July 2015
The fall in commodity prices is having a major impact on emerging markets, as well as raw-material exporting countries, in particular Australia and Canada.
By Cesar Uco, 23 July 2015
The latest figures confirm the fact that the so-called emerging markets are unable to offset the drop in production and consumption in the US and the EU.
By Barry Grey, 21 July 2015
The explosion of asset values and wealth accumulation at the very top of the economic ladder has occurred alongside an intractable and continuing slump in the real economy.
By Nick Beams, 20 July 2015
The massive bank intervention was one of a series of measures initiated by the government and financial authorities to halt the plunge in share values.
By Trent Novak, 15 July 2015
One in four young people in Greece and Spain is “neither employed nor in education or training.”
By Andre Damon, 11 July 2015
The much-vaunted rise of the “global middle class” is “more promise than reality,” according to a report published this week by the Pew Research Center.
By Andre Damon, 10 July 2015
Nearly eight years since the first signs the global financial crisis, the world economy is mired in slump and faces another financial collapse.
By Nick Beams, 9 July 2015
Every day for the past week, the Chinese government and financial regulators have announced new measures to try to halt the slide, but none has succeeded.
By Barry Grey, 9 July 2015
The shutdown was by far the longest ever trading halt attributed to computer problems.
By Nick Beams, 8 July 2015
The Chinese regime sought to create a social base of support in better-off sections of the middle class, which are now being hammered by the stock market plunge.
By Nick Beams, 7 July 2015
The Chinese government has thrown the “kitchen sink” at the falling share market but to no avail.
By Nick Beams, 6 July 2015
The Chinese central bank’s commitment to provide funds to financial markets indicates growing concern in government circles over the depth of the stock market fall.
By Andre Damon, 4 July 2015
The vast sums of money pocketed by bank executives are bound up with activities that range from borderline legal to flagrantly illegal.
By Nick Beams, 3 July 2015
The World Bank has again described the Chinese financial system as unbalanced and potentially unstable.
By Nick Beams, 1 July 2015
The annual report of the Bank for International Settlements has criticised the reliance by central banks on monetary policy, calling instead for “structural reforms.”
As global markets plummet
By Alex Lantier, 30 June 2015
Retirees were unable to obtain their pension benefits as a weeklong bank holiday began amid warnings of fuel and medicine shortages.
By Nick Beams, 30 June 2015
Billions of euros have been taken out of Greece by wealthy individuals and corporations in order to make a financial killing if the country goes back to the drachma.
By Nick Beams, 29 June 2015
The People’s Bank of China is increasingly responding to events rather than following a pre-determined strategy.
By Nick Beams, 29 June 2015
Financial parasitism is leading to the destruction of the productive forces upon which the livelihoods of the world working class depend.
By Nick Beams, 26 June 2015
Major life insurance companies in Europe may be threatened with insolvency as a result of problems caused by the global low-interest rate regime.
By Gabriel Black, 20 June 2015
US layoffs were up 13 percent in the first five months of 2015 compared to the prior year.
By Nick Beams, 17 June 2015
There are fears that a rise in US interest rates will have major global repercussions, especially through the flight of capital from emerging markets.
By Oliver Campbell, 12 June 2015
Even as the manufacturing industry continues to stagnate, speculation in shares is soaring.
By Nick Beams, 11 June 2015
The bank has cut its forecast for global growth from its prediction six months ago.
By Nick Beams, 11 June 2015
The invocation by Japanese central banker Haruhiko Kuroda of “Peter Pan” economics is a graphic expression of the bewilderment of those supposedly in control of the world economy.
By Patrick Martin, 10 June 2015
At a press conference to close the G7 summit, the US president said that all the major powers were “prepared to do more” in the war against Islamic fundamentalists.
By Nick Beams, 5 June 2015
The downgrade follows what the OECD called the worst quarter for global economic growth since the 2008 financial crash.
By Nick Beams, 3 June 2015
German chancellor Angela Merkel convened a meeting in Berlin late Monday that laid out the demands of Greece’s creditors.
By Andre Damon, 2 June 2015
Seven years after the 2008 financial crisis, the world economy has become the object of unremitting plunder by the global financial aristocracy.
By Roger Jordan, 2 June 2015
Canada’s economic output fell 0.6 percent in the first quarter of 2015—its largest contraction since the height of the 2008-09 global financial meltdown.
By Andre Damon, 30 May 2015
The ongoing slump in the US economy comes amid a roaring stock market, combined with record share buybacks, mergers and acquisitions, and surging CEO pay.
By Nick Beams, 25 May 2015
The rise in stock markets expresses not the health, but rather the deepening sickness, of the global economic order.
By Gabriel Black, 23 May 2015
The growth of inequality has been accompanied by the expansion of part-time and contingent labor, particularly for younger workers.
By Andre Damon and Barry Grey, 21 May 2015
Wednesday’s announcement was further confirmation that the US and international financial aristocracy is above the law.
By Andre Damon, 20 May 2015
Jobs created in the aftermath of the 2008 crisis have been disproportionately contingent and part-time, according to a new report published by the International Labor Organization.
By Nick Beams, 20 May 2015
The accelerated ECB purchase of sovereign debt is another indication of increasing nervousness in global financial markets.
By Andre Damon, 15 May 2015
The effect of guilty pleas for crimes involving massive manipulation of financial markets will be essentially zero, beyond the immediate costs the fines levied on the institutions.
By K. Ratnayake, 14 May 2015
Kumaratunga blamed the crisis on the previous Rajapakse government’s “lack of transparency.”