Check out this report by Casey Research titled, “The Good, Bad and Ugly: Outlook for the Economy.”
Get report here.
The report is not all bad, just mostly bad. Here are a few key points:
1. Debt is at a critical juncture and vulnerable to collapse.
2. Government takeover of the economy.
3. Dependence on the kindness of foreigners.
4. The [...]

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Chinese banks face a $350bn (£230bn) debt time bomb that could mirror the financial crisis suffered by US and European banks, according to banking experts.
Chinese facing debt time bomb – Telegraph

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The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize.
New round of foreclosures threatens housing market – washingtonpost.com

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The economy grew 5.9 percent in the fourth quarter of 2009, but the number is not as strong as it looks. Most of it is based on temporary factors, notably a spurt of inventory replenishment and the now-waning fiscal stimulus. An overhang of debt and low property values continues to weigh down banks’ and consumers’ [...]

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The worst-case scenario, for both the government and business, would be an economic crash that reduced the rate of annual GDP growth to below 5%. This could lead to a rise in political instability (and possibly even regime change), as the legitimacy of the Chinese Communist Party rests on its ability to deliver rapid economic [...]

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If Greece defaults, “it risks exacerbating the economic downturns and could even reignite an acute financial crisis” through higher interest rates, Marc Chandler, global head of currency strategy at investment firm Brown Brothers Harriman, wrote in a report.
A Greek default would hit Americans hard in one major area: exports. According to the Economic Report of [...]

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“China’s dependence on export-led growth … is unsustainable over time,” Robert Zoellick, president of the World Bank, argues in a forthcoming article in the journal the International Economy. He cites a recent IMF analysis saying that for China to maintain its trend of 8% growth annually with the current pattern of trade, it would have [...]

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“The economy is still on life support,” says Harris, who took over as chief North American economist at Merrill Lynch last September from David Rosenberg. “It’s a long way to go before we start thinking things are OK.”
Too early to declare victory, top forecaster says Forecaster of the Month – MarketWatch

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Poor economic data in the US coupled with Europe’s debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini, who predicted the 2007 financial crisis, wrote in a research paper.
At best, the US economy is headed for a U-shaped recovery this year, Roubini said. [...]

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Editor’s note: China’s Bubble is a four-part multimedia series on an emerging threat to China’s booming economy — a residential real estate bubble, particularly in the business and finance hub of Shanghai. The series also looks at the underlying causes of the bubble, and examines how one unique social custom is driving prices even higher.
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