Global economy weakens as China oil demand drops

There seems little doubt that the global economy is now entering a new downturn. Pessimists may worry that it has already begun in Q3. Optimists might hope it will be delayed till Q4, or even Q1.

But almost all major indicators are pointing in the …

Recession may now be very close

German Chancellor Merkel’s recent comment that “I don’t see anything which signals a recession in Germany” is just one sign of the current complacency about the global economy within the Western political elite.

Long-standing readers will remember Pro…