Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Tuesday, September 22, 2009
The World Has Not Ended Yet According to Joseph Stiglitz / Economics / Recession 2008 - 2010
By: Andrew_Abraham
The now famous economic guru of our time Joseph Stiglitz has proclaimed the world economy has not crashed. BUTTTTTTTTTTTTTTTT… Stiglitz has repeatedly stated that the US has failed to fix the underlying problems in the banking system. Stiglitz has stated the concept of banks ” Too big to fail” have only gotten bigger.
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Tuesday, September 22, 2009
The Economy is a Lie, too / Economics / Recession 2008 - 2010
By: Paul_Craig_Roberts
Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.
Monday, September 21, 2009
Is the Recession Really Over? / Economics / Recession 2008 - 2010
By: Uncommon_Wisdom
First things first. I’m sure you’ve heard about Bernanke’s statement last week in his speech at the Brookings Institute that the “recession is likely over.” After all, his comment is all over the news, all over the world.
Saturday, September 19, 2009
The Recession has Technically Ended, Is Bernanke Joking? / Economics / Recession 2008 - 2010
By: Bob_Chapman
To borrow from an old joke about politicians, we ask our subscribers if they know how to tell when Helicopter Ben Bernanke, the current Fed Head, is lying. Answer: Whenever his lips are moving. Now we hear from the Dollar-Destroyer that our recession has technically ended (heaven forbid that we should call our current Fed-caused calamity a depression, which is what it has been since Obama took office). So we guess that we should take his word for it, seeing that every call he has made during his short tenure as Chairman of the Federal Reserve Board has been 100% wrong.
Friday, September 18, 2009
Rich and Poor Parallel Economies, Recession and Record Profits / Economics / Recession 2008 - 2010
By: Rev_Richard_Skaff
The Real Estate Bubble is Not Over
In December 14, 2008, in his interview on the CBS sixty minutes show, Whitney Tilson an investment fund manager predicted that the subprime collapse was only half way of the total real estate bubble, and that the second half will begin take place around 2010 and will continue until about the year 2013. Tilson also discussed the two fancy Wall Street terms for bad mortgages namely Alt-A (Alternative-A paper) and option arms mortgages. These loans lured borrowers with teaser rates that will begin to reset this year.
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Wednesday, September 16, 2009
U.S. August Retail Aales up 2.7 per cent / Economics / Recession 2008 - 2010
By: LiveCharts
While many top economists have suggested that housing and credit sectors have bottomed, most have still been watching and waiting for retail sales and consumer spending to give more legs to Federal Reserve Chairman Ben Bernanke’s comments that the recession is over. Perhaps Tuesday (September 15) morning’s August retail sales report is just the medicine investors and consumers are looking for.
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Wednesday, September 16, 2009
Economic Outlook for 16th September 2009 / Economics / Recession 2008 - 2010
By: Lloyds_TSB
Broadly speaking, the theme of equities making progress on the back of ample liquidity in financial markets continues to hold. Yesterday’s stronger-than-expected economic data from the US and UK were also helpful, with US retail sales of particular note. But all that glitters may not be gold. As in other countries with incentive schemes to scrap old cars in favour of new models, the boost to consumer spending is not permanent.
Tuesday, September 15, 2009
US Census Bureau Confirms Rising Poverty, Falling Incomes, and Growing Numbers of Uninsured / Economics / Recession 2008 - 2010
By: Stephen_Lendman
In early September, The US Census Bureau released its new report titled, "Income, Poverty, and Health Insurance Coverage in the United States: 2008" showing disturbing data that portends much worse ahead under a president and Congress doing nothing to address it.
Tuesday, September 15, 2009
Yellen Calls For "U" Shaped Recession and Another Jobless Economic Recovery / Economics / Recession 2008 - 2010
By: Mike_Shedlock
One thing I like about Janet Yellen is that unlike Bernanke and Greenspan, she speaks understandable English and is not prone to sugar coating everything. I disagree with much of what she says, but not all of it.
Monday, September 14, 2009
Recession Ghost Fleets With No Crew, No Cargo and No Destination / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The Mail Online has some stunning images of The ghost fleet of the recession.
Saturday, September 12, 2009
The Economy Will Not Recover Until Trust is Restored / Economics / Recession 2008 - 2010
By: Washingtons_Blog
A 2005 letter in premier scientific journal Nature reviews the research on trust and economics:
Read full article... Read full article...Trust ... plays a key role in economic exchange and politics. In the absence of trust among trading partners, market transactions break down. In the absence of trust in a country's institutions and leaders, political legitimacy breaks down. Much recent evidence indicates that trust contributes to economic, political and social success.
Friday, September 11, 2009
Economic Fundementals Suggest This Fall and Winter Could Get Ugly / Economics / Recession 2008 - 2010
By: ArbitraryVote
Since March of this year, we have seen growing consensus and excitement from the mainstream media and government about an economic recovery underway. Scattered economic indicators are released and spun in a positive light when they are proportionally minuscule improvements compared to the declines already experienced for each given indicator. They typically use this sugarcoated data and ignore reality to say “the worst is behind us, yet perhaps we’ll still see a 10-15% correction in the markets, and growth might be slow for quite awhile”. In under six months from the low, the markets have rallied over 45%. Yet this type of market move up hasn’t been seen since the lead-up to the crash of October, 1987.
Thursday, September 10, 2009
Wave of Unemployment in the U.S. What to Expect and What to Do- Part2 / Economics / Recession 2008 - 2010
By: Washingtons_Blog
Continued from Part 1 hereDecline in Manufacturing
As everyone knows, the manufacturing has shrunk in the United States and the service sector has grown. Even in a manufacturing center such as Detroit, manufacturing jobs have been declining for decades: Read full article... Read full article...
Thursday, September 10, 2009
Wave of Unemployment in the U.S. What to Expect and What to Do / Economics / Recession 2008 - 2010
By: Washingtons_Blog
Individuals who look for work but can't find it are miserable.[1]
On the national level, high unemployment is both cause and effect concerning other problems with the economy. As we'll see below, high unemployment results from a weak economy and - in turn - weakens the economy.
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Wednesday, September 09, 2009
The Great Fakeroo Economic Recovery / Economics / Recession 2008 - 2010
By: LewRockwell
There is something affected, something not believable, something agitpropish, about all the cheers for the glorious economic recovery we are experiencing. Some of its biggest boosters don't even quite believe it.
Monday, September 07, 2009
Job Creation Down 35%, Consumer Spending Down 33% From Year Ago / Economics / Recession 2008 - 2010
By: Mike_Shedlock
On this Labor Day, inquiring minds are reading Gallup Economic Monthly: Job Creation Not Happening.
Friday, September 04, 2009
Global Recession Or Low Carbon / Economics / Recession 2008 - 2010
By: Andrew_McKillop
Keynesian Boom and Bust -
Like we know, the recent and continuing massive spending spree by nearly all G20 governmentsand their central banks, described as "fighting recession", is also called Keynesian. To be sure, this process of handing over or "injecting" perhaps $ 4 000 billion since around October 2008 (using IMF data), mostly into the bank, insurance and finance sector in OECD countries, is Keynesian in one sense. National debts and government budget deficits have been increased, often radically. Several east European members of the EU27, and most famously Iceland, as well as Ireland, Pakistan, the UK and USA, and some other countries have seen foreign and/or national debt grow so fast their public finances are now structurally unsound. If economic growth does not return soon, and continue for at least a year or two, the unthinkable prospect of central bank failure will return, in several of these countries. We can note that the approximate $ 4 trillion of 'Keynesian bailouts' in the OECD countries, since late 2008, is equivalent to roughly 6.5% of world total GDP in 2008, also using IMF data.
Friday, September 04, 2009
U.S. Jobs Contract 20th Straight Month; Unemployment Rate Hits 9.7% / Economics / Recession 2008 - 2010
By: Mike_Shedlock
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 in Fed's Economic Forecast Worsens; Still Ridiculously Optimistic.
Friday, September 04, 2009
U.S. Ski-Jump Recession, How Bad Will It Get? / Economics / Recession 2008 - 2010
By: Mike_Whitney
The U.S. economy is at the beginning of a protracted period of adjustment. The sharp decline in business activity, which began in the summer of 2007, has moderated slightly, but there are few indications that growth will return to pre-crisis levels. Stocks have performed well in the last six months, beating most analysts expectations, but weakness in the underlying economy will continue to crimp demand reducing any chance of a strong rebound. Bankruptcies, delinquencies and defaults are all on the rise, which is pushing down asset prices and increasing unemployment.
Friday, September 04, 2009
Not Enough Work to Go Around This Labor Day / Economics / Recession 2008 - 2010
By: Money_and_Markets
Mike Larson writes: Home prices have plunged so far that buyers are tentatively stepping back into the housing market again …
And government largesse in the form of “Cash for Clunkers” giveaways has helped spur a rebound in auto sales …
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