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Just When Did Spain Enter Recession?

Edward Hugh submits: The number of people presenting jobless claims in Spain soared to nearly 3 million in November, following a 6 percent rise in registrations over October, providing us with yet further evidence, if we needed it, of the gravity of the situation which is now unfolding before our eyes. click to enlarge The Spanish Labor Ministry stated that an additional 171,243 people...

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As Spanish Unemployment Rises Sharply Again, Just When Did Spain Enter Recession?

by Edward Hugh: Barcelona The number of people presenting jobless claims in Spain soared to nearly 3 million in November, following a 6 percent rise in registrations over October, providing us with yet further evidence, if we needed it, of the gravity of the situation which is now unfolding before our eyes. The Spanish Labor Ministry stated that an additional 171,243 people signed on...

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Will This Be Japan's Longest Running Recession?

Edward Hugh submits: Japanese industrial output was down again sharply in October as manufacturers forcecast further record falls in the months to come, leading to warnings that Japan’s recession may well be much deeper and even longer than originally anticipated. This rather bleak news on Japanese factory output may also be a pointer to a longer and deeper global recession, as Japan's...

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Repsol, Lukoil and Sacyr Vallhermosa Also Try Their Hand At Happy ...

by Edward Hugh: Barcelona. “Happy families are all alike; every unhappy family is unhappy in its own way” Tolstoy. Well this is an interesting...