“La sabiduría de la vida consiste en la eliminación de lo no esencial. En reducir los problemas de la filosofía a unos pocos solamente: el goce del hogar, de la vida, de la naturaleza, de la cultura”.
Lin Yutang
Cervantes
Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.
MIGUEL DE CERVANTES Don Quijote de la Mancha.
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9 de octubre de 2015
A U.S. Recession Just Got a Little More Likely
A
delayed Federal Reserve rate hike, turmoil in global equity markets...
and now increased expectations for a downturn in the U.S.
The
probability that the world's biggest economy will enter a recession in
the next 12 months jumped to 15 percent, its highest level since October
2013, according to economists surveyed Oct. 2-7 by Bloomberg. The
median had held at 10 percent for 13 consecutive months.
Concerns
over China, and the potential spillover to other economies, have led
economists to cut their third-quarter growth forecasts to 2 percent from
as high as 3 percent in July.
China
also is worrying Fed officials, who cited it as a risk to their outlook
for economic growth and inflation — so much so that they delayed what
would have been the first increase in the benchmark interest rate since
2006.
"Although U.S. economic data releases generally met market
expectations, domestic financial conditions tightened modestly as
concerns about prospects for global economic growth, centered on China,
prompted an increase in financial market volatility and a deterioration
in risk sentiment during the intermeeting period," Fed officials said in
the minutes of their Sept. 16-17 gathering, released Thursday.
In an interview on Friday, Carlyle Group LP's David Rubenstein said a U.S. recession was likely
"in the next year or two or three." Economists projected the U.S. won't
enter a recession until 2019, after pegging it to 2018 in last month's
survey, according to a separate Bloomberg poll.
