172 search results for "recession watch"

Swiss Franc Wreaks Havoc In Switzerland

by Wolf Richter •  • Comments Off on Swiss Franc Wreaks Havoc In Switzerland

The run-up of the Swiss franc entailed a stock-market crash, gigantic hits to wealth invested overseas, and big losses in Swiss pension funds. Companies are reeling. Layoffs and a recession are next. The Swiss National Bank (SNB) flooded the market with francs, intervened in the currency markets, and forced real interest rates into negative territory. Without much success.

Oops, Inventory Correction

by Wolf Richter •  • Comments Off on Oops, Inventory Correction

We really don’t need this. First it was rumors, now it has been announced in an earnings call. Two harmless sounding words: inventory correction. In a healthy economy, it causes a run-of-the-mill business cycle recession. In our economy, it can get ugly. Watch out, second half.