Stagnant and Paralyzed

Political, social, and economic life stagnated.

China s credit binge is turning into a bust.

Blood stasis syndrome, or blood stagnation (Chinese Xue Yu ) is an important underlying pathology of many disease processes according to traditional Chinese medicine.

Afterward, capital flows to developing countries stagnated.

We do not think that this points to a double dip recession.

Under two plausible scenarios both concerning China the unwinding of global imbalances could cause regional if not global depression.

Why Small Booms Cause Big Busts

There are also now two reasons to fear a double dip recession.

Cheap imports ameliorate the effects of wage stagnation.

If that were to happen quickly, total spending could decline, pushing the economy into a double dip recession.

In the early 1990 s, Sweden suffered a huge recession precipitated by a housing bubble and a banking crisis.

So a lot of economists look at declining population and expect to see stagnation, maybe depression.

The increase in some asset prices may, moreover, lead to a W shaped double dip recession.

The everyday consequence for the middle class is a stagnant paycheck and growing job insecurity.

That will lead to double dip recession, even larger fiscal deficits, and runaway debt.

Right now, the global economy is suffering a grand mal seizure of slack demand and high unemployment.

In fact, China is emerging in reasonably good shape from yet another global slump.

But the answer is not to let a collapse in the world s car industry fuel a deeper recession.

Stagnating official export activity, due in part to the sanctions on timber exports

And, yes, there will probably be another rash of financial crises perhaps in Central Europe, which now looks like Asia did before its 1997 crisis.

Yes, the US will experience a decline in income and a sharp rise in unemployment, lowering the rest of the world s exports to the US. But many other parts of the world that still grow.

This is especially true now, given that much of the developed world is in the midst of a painful recession.

That, in turn, allows Gazprom to boost its profitability through price increases, despite stagnant production.

Yes, an American recession might spill over to the rest of the world and cause a worldwide recession.

He called those numbers sustainable, contrasting them with low Windows 8 sales which he blamed for a slump in the market.

Yet the financial crisis and the ensuing recession go only so far towards explaining these high levels of indebtedness.

In other words, by advocating even deeper cuts in emissions, Hedegaard is, in effect, calling for an even deeper recession.

Slack labor markets with rising unemployment rates will cap wage and labor costs.

With incomes stagnant, households were encouraged to borrow, especially against home equity, to maintain consumption.

The 2008 crisis was followed by a long, hard recession we should not expect a different scenario now.

In an extended balance sheet recession of this type, unemployment benefits need to be substantial and prolonged.

A spike in defaults could destabilize the entire financial system and trigger an economic downturn.

Even Japan, in a deep slump since the 1990 s, is expected to grow faster than Europe.

Venous stasis, or venostasis, is a condition of slow blood flow in the veins, usually of the legs.

With middle class incomes in the United States stagnating, Americans could not afford ever more expensive homes.

With the imminent threat of global recession, austerity measures are not the way to correct global imbalances.

Countries that adhered to it experienced initial investment led success, followed by repeated crises and stagnation.

The disease is a protracted balance sheet recession that has turned a generation of America s consumers into zombies the economic walking dead.

The global economy was just emerging from the deepest recession in the post World War II period.

Much of the world, especially Europe, but also the slightly less sickly US, remains stuck in a semi slump.

First, the US is experiencing its worst housing recession since the Great Depression, and the slump is not over.

Japan suffered a decade long near depression because of its failure to clean up the banks.

Although the sector went through a phase of significant recession between 2001 and 2002, it has fully recovered.

Meanwhile, Germany benefited from the euro crisis, which depressed the exchange rate and boosted its competitiveness further.