Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Wednesday, October 21, 2009
Gerald Celente, Their is NO Economic Recovery, It's A COVERUP / Economics / Recession 2008 - 2010
By: Submissions
The Second American Revolution
The Worst Is Yet To Come
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Wednesday, October 21, 2009
Eastern Europe Out of the Financial Crisis Danger Zone? / Economics / Recession 2008 - 2010
By: RGE_Monitor
Deleted.
Sunday, October 18, 2009
The US Recession, More Unemployment and Sinking U.S. Dollar / Economics / Recession 2008 - 2010
By: Gerard_Jackson
What gives? The Obama administration no sooner assures Americans that labour markets had finally stabilised and mass job losses was at an end when the Bureau for Labor Statistics comes out last Wednesday and ruins the party with the bad news that mass layoffs leapt by over 20 per cent in August. An earlier report estimated that manufacturing accounted for 31 per cent of the layoffs. (I have stressed numerous times that manufacturing always bears the blunt of the boom-bust-cycle).
Saturday, October 17, 2009
U.S. State Tax Revenue Drops Most Since 1963 / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Bloomberg is reporting State Revenue Falls Most Since 1963 on Incomes, Sales.
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Friday, October 09, 2009
Failed Economic Policies and Rising Unemployment in the U.S. / Economics / Recession 2008 - 2010
By: Bob_Chapman
This past week the BLS released the September unemployment statistics and they worsened as usual, as America enjoys its recovery.
U-1–Those unemployed 15 weeks or longer, as a percent of the civilian labor force was 5.4%.
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Tuesday, October 06, 2009
Surge in U.S. Unemployment, No Economic Recovery in Sight / Economics / Recession 2008 - 2010
By: Shamus_Cooke
After the recent unemployment numbers were announced, smug politicians promising economic recovery stuttered a bit. This wasn’t supposed to happen. Mainstream economists were predicting a smooth upswing in employment, but in September 263,000 more jobs were lost, 62,000 more than August.
Tuesday, October 06, 2009
Whalen Says Real Economy Is Dying, Q4 Bloodbath / Economics / Recession 2008 - 2010
By: Submissions
Stocks rallied to start the week thanks to a better-than-expected ISM services sector report and a Goldman Sachs upgrade of big banks, including Wells Fargo, Comerica and Capital One.
But all is not right in either the economy or the banking sector, according to Christopher Whalen, managing director at Institutional Risk Analytics. In fact, Whalen says most observers are drawing the wrong economic conclusions from the stock market's robust rally.
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Monday, October 05, 2009
What is Really Happening to the U.S. Economy? / Economics / Recession 2008 - 2010
By: Gerard_Jackson
While America's corrupt media ties itself in knots trying to put a smiley face on the recession the economic commentariat is thrashing around in the hope of finding an explanation for the economy's refusal to respond to Obama's policies (most of them overlook the fact that the economy might be doing just that) and Bernanke's criminally loose monetary policy. There is no doubt in my mind that business -- big and small -- is taking into account Obama's impending flood of taxes as well as the political support he is throwing behind job-destroying unions. I believe an administration -- any administration -- that ignores business expectations is committing a grave error of judgment.
Saturday, October 03, 2009
The Economic Recovery is an Illusion / Economics / Recession 2008 - 2010
By: Andrew_G_Marshall
War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery
In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.
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Friday, October 02, 2009
Is A Double Dip Recession Possible? / Economics / Recession 2008 - 2010
By: Sy_Harding
The economic slowdown and severity of the stock market decline last year, and in January and February of this year, had the financial media and investors convinced the recession was headed down into the next Great Depression, and the Dow was therefore headed down to 1,000.
Friday, October 02, 2009
The Economic Recovery That Isn't / Economics / Recession 2008 - 2010
By: Peter_Schiff
For those market boosters who are prattling on about the possibility of a "jobless recovery," I offer an invitation to join me for a breakfast of "fat-free bacon," "eggless omelets," and "no-carb bread." As unappetizing as such a meal may sound, it would nevertheless offer more substance than the oxymoronic concept of an economic resurgence without job creation.
Friday, October 02, 2009
U.S. Unemployment Soars to 26 Year High / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Sorry folks, I was one month early. In January I forecast the unemployment rate would hit 9.8% by August. Meanwhile, even though it was clear the Fed was wildly off base in its adverse scenario, the Fed upped it total to a mere 9.2% to 9.6% for the year as noted on May 21, 2009 in Fed's Economic Forecast Worsens; Still Ridiculously Optimistic.
Thursday, October 01, 2009
Stock Markets Take Fright From Weak U.S. Economic Data / Economics / Recession 2008 - 2010
By: Lloyds_TSB
Stock markets have taken fright at yesterday’s generally weakerthan- expected US economic data, with Treasuries moving higher. Final Q2 GDP figures showed a fairly benign 0.7% annualised pace of contraction against a consensus estimate of -1.2%. But the combination of a weak ADP and Chicago PMI report has cast fresh doubt on the sustainability of the US economic recovery, notwithstanding the noticeably firmer FOMC policy statement last week.
Wednesday, September 30, 2009
A Somber G20 / Politics / Recession 2008 - 2010
By: John_Browne
As a part-time member of the press corps, I had the good fortune to attend many of the public sessions at last week's G-20 meeting in Pittsburgh. As impressive as it was to closely witness the gathering of countries representing some 85 percent of the world's GDP (along with the governors of the World Bank, the IMF and the European Central Bank), it was equally remarkable to witness the immense security forces deployed to restrain those who feel the gathering harbored the forces most responsible for the world's economic and financial problems.
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Wednesday, September 30, 2009
U.S. Economy Better Than Expected in Second Quarter / Economics / Recession 2008 - 2010
By: LiveCharts
Many American consumers and businesses have been closely watching for verifiable signs that the US economy is, in fact, returning from recession. Many top economists, including Federal Reserve Chairman Ben Bernanke have been saying for weeks that that is the case, but after a very dismal period for many homeowners and employees, proof is helpful.
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Tuesday, September 29, 2009
The Coffin Shaped Economic Recovery / Economics / Recession 2008 - 2010
By: Darryl_R_Schoon
While often wrong, Bernanke is right about the recession. It’s almost over. But a depression is about to replace it.
There has been much discussion about this recovery, whether it will be a “U”, “V” or a “W” shaped recovery. The answer is none of the above. It is going to be “C -shaped” recovery, but not as in the letter “C” but as in coffin.
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Tuesday, September 29, 2009
Anemic Job Creation During The "Schumpeterian Economic Depression" / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The Wall Street Journal is discussing some interesting trends in business creation and small business hiring. Please consider Sharp Drop in Start-Ups Bodes Ill for Jobs, Growth Outlook.
Monday, September 28, 2009
G20 Summit Disaster Movie Re-run / Politics / Recession 2008 - 2010
By: Mike_Shedlock
Now that the G-20 economic summit is over, inquiring minds have a few questions on their minds:
1) Will the Group of 20 will be more effective because it includes important new players like India and Brazil, or will it simply be more unwieldy?
Sunday, September 27, 2009
Double Dip Economic Recession? / Economics / Recession 2008 - 2010
By: John_Mauldin
What We See
And What We Don't See
The Statistical Recovery
A Double-Dip Recession?
Unemployment is high and rising. But if the recession is over, won't employment start to rise? The quick answer is no. We look deeper into the Statistical Recovery and find yet more reasons to be concerned about near-term deflation.
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Friday, September 25, 2009
Death of the American Empire... / Politics / Recession 2008 - 2010
By: Clive_Maund
The general public, who never understood the global financial crisis in the first place, have been hoodwinked into thinking it's over. It's not. None of the underlying structural abnormalities, distortions and excesses within the global financial system have been addressed and rectified, because to do so in a meaningful way would involve allowing a constructive depression to purge the system of dross and parasitic elements (like much of government itself) in what would amount to a teardown and rebuild.