What is the motivation behind these negative economic reports? re: "Global economic troubles spread from US and Europe to China, India and Brazil - by Paul Wiseman"

Mounting fears about Spain's financial health help illustrate why the global economy is in its worst shape since 2009.

Six of the 17 countries that use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world — China, India and Brazil — are in no position to come to the rescue. They're slowing, too.

The lengthening shadow over the world's economy illustrates one of the consequences of globalization: There's nowhere to hide.

Investors drove up Spain's borrowing rates Monday over concern that the government's debts might force it to seek a bailout. The interest rate on Spain's 10-year bond touched 7.56 per cent — the highest since the euro began in 1999. Stocks around the world tumbled in response.

Worries about Spain intensified after its central bank said the economy shrank 0.4 per cent in the second quarter. The government predicts the economy will keep contracting next year as tax hikes and spending cuts hurt consumers and businesses.

Note EU-Digest: some of the above gloom and doom is also motivated and spread by conservative political circles, their allies in the financial sector and the press because they realize that if their liberal opponents political influence (Obama-USA) continues it could mean the eventual end of their uncontrolled and lucrative reign over global capital markets.   

Nowhere to hide: Global economic troubles spread from US and Europe to China, India and Brazil - Winnipeg Free Press