Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Thursday, July 30, 2009
Economic Crisis Hits Men Harder than Women / Economics / Recession 2008 - 2010
By: Pravda
The economic crisis that struck 27 EU member states affected men at a much greater extent than women. According to the Eurostat report, staff reduction mostly affected such sectors as industry and financial sphere where predominantly men were employed. The unemployment rate among young people has been rising much faster as compared to other adults. 4.9 million youngsters across the EU became unemployed in the first quarter of this year.
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Wednesday, July 29, 2009
European Economic Outlook 2009 / Economics / Recession 2008 - 2010
By: RGE_Monitor
Deleted.
Tuesday, July 28, 2009
U.S. Consumer Confidence Falls More than Expected / Economics / Recession 2008 - 2010
By: Mike_Shedlock
After rebounding from the depths of hell in February, the Consumer Confidence Survey shows Consumer Confidence Numbers Retreat Again.
Monday, July 27, 2009
US Economy: What Economic Recovery? / Economics / Recession 2008 - 2010
By: Gerard_Jackson
The Dow has passed the 9000 barrier. This has gotta be a recovery, right? After all, "the share market is forward looking". I'm afraid these people have confused forward looking with foresight. Never look to share markets as harbingers of growth or recession. Market watchers would know this if they paid more attention to history and less to charts. The American economy, for example, had already shown distinct signs of contracting several months before the Great Crash of 1929.
Saturday, July 25, 2009
Has the U.S. Economy Hit Bottom? / Economics / Recession 2008 - 2010
By: MISES
Frank Shostak writes: Most experts and commentators are of the view that the worst of the US recession may be over by year's end. My own prediction is for an illusory recovery of government-constructed economic indicators, but nothing more than that.
Saturday, July 25, 2009
The Statistical Economic Recovery and the Last Stocks Bear Standing / Economics / Recession 2008 - 2010
By: John_Mauldin
The Return of Muddle Through*
Can China Lead the Global Recovery?
The Statistical Recovery
The Last Bear Standing
A lot of bullish commentators are talking about a recovery being in the works, and they may very well be right. But it is not going to look like any recovery worthy of the name. This week we look at what I will call The Statistical Recovery. But first we take a look at what China is doing, as we continue our look at the rest of the world and ponder whether it is time to brace ourselves for an extended bout with the Muddle Through Economy*. (And yes, there is an asterisk.)
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Saturday, July 25, 2009
We are in the Midst of Economic Disaster, Mass Continuing Layoffs / Economics / Recession 2008 - 2010
By: LewRockwell
Gary North writes: Stock market investors shrug off a disaster in our midst: mass layoffs. Investors act as though it will soon be business as usual. Companies cut costs by firing employees that have been with them for decades. Then the companies can report higher earnings from cost-cutting measures. The media then proclaim an increase in earnings. But how will these increases be sustained? How will an unemployment rate of 11% help get the economy back on its feet?
Friday, July 24, 2009
US Economy: Reeling Yes, Collapse No / Economics / Recession 2008 - 2010
By: Chris_Galakoutis
Tens of millions of Americans had to be integrated back into a peacetime economy following World War II. America and its finest companies understood the importance of investing for their collective futures, and by the 1950’s, that social contract and the investment it provided helped launch one of the greatest booms in history, where America's industrial might was at its peak.
Friday, July 24, 2009
British Economy Still in Trouble, UK GDP Contracts by 0.8% / Economics / Recession 2008 - 2010
By: MoneyWeek
John Stepek writes: British GDP shrunk by 0.8% in the second quarter of this year.
Until this morning, the good news had been coming thick and fast.
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Thursday, July 23, 2009
Bernanke Sidesteps Economic Crisis Issues / Economics / Recession 2008 - 2010
By: LewRockwell
In a recent international Bloomberg poll, Bernanke was rated by investors as the greatest central banker, the man who saved the world's economy.
All it took was a doubling of the monetary base and $3 trillion – as of today – of government bailout money.
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Thursday, July 23, 2009
Frugal McDougall, A Rhyme For Our Economic Times / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Frugal McDougall worked very hard,
Bought things with cash and not credit cards,
And when it came to the things that he bought,
Things that he needed were all that he sought.
Wednesday, July 22, 2009
For One Third of American's, Frugality is now the "New Normal" / Economics / Recession 2008 - 2010
By: Mike_Shedlock
A Gallop Poll of Americans’ future spending trends show One-Third Still Set on Spending Less.
Wednesday, July 22, 2009
No Magical Elixir of Hope for Our Debt Based Economy / Economics / Recession 2008 - 2010
By: Sharon_Kayser
(Dirty banking secrets: our perpetual debt-based economy is generated by a global breakdown of semantic. 'Worldwide Ground Zero' will not be an Hollywood release.)
Insanity is doing the same thing over and over, and expecting a different result - A. Einstein
Tuesday, July 21, 2009
Fiscal Ruin of the Western World Beckons, a Bigger Financial Crisis Brewing / Economics / Recession 2008 - 2010
By: John_Mauldin
This week I offer two short essays for your reading pleasure in Outside the Box. The first is from Ambrose Evans-Pritchard writing in the London Telegraph. He gives some more specifics about the situation in Europe I wrote about this weekend.
He ends with the following sober quote: "My awful fear is that we will do exactly the opposite, incubating yet another crisis this autumn, to which we will respond with yet further spending. This is the road to ruin." This is a must read.
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Monday, July 20, 2009
Inconvenient Truth About Government Economic Statistics / Economics / Recession 2008 - 2010
By: Adrian_Ash
Larry Summers: I'm Feeling Lucky - Type "rubbish economist" into Google. Then hit "I'm Feeling Lucky"...
The INCOVENIENT TRUTH about statistics, as Al Gore would no doubt confess if you threatened to stop him flying, is they look backwards, not forwards – and not even quite to the present.
Sunday, July 19, 2009
1.5 Million U.S. Unemployed Exhausting Unemployment Benefits / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The Emergency Unemployment Compensation (EUC) program began in June 30,2008. Benefits under the act have now been extended twice. Unless Obama extends the program a third time, it's the end of the line for many receiving unemployment benefits.
Saturday, July 18, 2009
American Economic Dream or American Nightmare? / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Here is an email from JMI that I would like to share. Jeff writes:
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Thursday, July 16, 2009
Nouriel Roubini Forecasting Recession 2009, No Economic Growth Until 2010 / Economics / Recession 2008 - 2010
By: RGE_Monitor
Deleted.
Thursday, July 16, 2009
Can The Economy Recover? / Economics / Recession 2008 - 2010
By: Paul_Craig_Roberts
There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”
Wednesday, July 15, 2009
UK Unemployment Record Rise, a Jobless Debt Fuelled Economic Recovery? / Economics / Recession 2008 - 2010
By: Nadeem_Walayat
UK headline Unemployment rate (ILO) surged higher by a near unprecedented number of 281,000 in the three months to the end of April 09, taking unemployment to a 13 year high of 2.38 million to officially stand at 7.6% of the workforce. Meanwhile the job seekers benefit claimant count rose by 30,000 to the quarter to the end of June to stand at 1.553 million. The surge in unemployment has been widely carried by the tv news media and mainstream press to imply a very weak jobless recover that suggests unemployment levels to rise significantly about 3 million by early next year.