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Saturday, August 29, 2015

Brazil's Economy enters Recession

Official figures released by the Brazilian government show that the country's economy has entered recession.

The data indicated that Brazil’s economy contracted nearly two percent between April and June compared with the previous quarter. The country’s economy has also shrunk by two-point-six percent compared with a year earlier. Meanwhile, household spending and the industrial sectors have fallen while unemployment and taxes have risen. Two quarters of economic contraction in a row is technically tantamount to plunging into recession. Brazil is the world’s seventh largest economy. But it has been adversely affected by corruption scandals and falling commodity prices.

Friday, August 28, 2015

Trumponomics 101: Does It Make Sense?

Aug 28 -- John Heilemann and Lizzie O'Leary discuss Donald Trump’s economic platform on “With All Due Respect.”

How Low will Oil Go

Oil's Race to the Bottom Aug. 28 -- William Lee of Citi Economic Research discusses the role oil is playing in market volatility and the global economy. He speaks on "Bloomberg Surveillance."