Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Thursday, July 02, 2009
U.S. Unemployment Rate Hits 9.5%, Jobs Contract 18th Straight Month / Economics / Recession 2008 - 2010
By: Mike_Shedlock
This morning, the Bureau of Labor Statistics (BLS) released the June Employment Report.
Thursday, July 02, 2009
U.S. First Country to Recover From Recession / Economics / Recession 2008 - 2010
By: Pravda
A recovery from the worldwide economic slump will occur in East Asia only after it has begun in the United States, the Singapore ambassador to the U.S. said Tuesday.
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Wednesday, July 01, 2009
Is George Soros Long or Wrong on the Global Economic Rebound? / Economics / Recession 2008 - 2010
By: Money_Morning
Keith Fitz-Gerald writes: Billionaire investor George Soros thinks the worst of the global financial crisis is behind us.
In a June 20 interview with Polish television, the Hungarian-born Soros acknowledged that this has been the most serious crisis he's seen in his lifetime, but said, "Definitely, the worst is behind us."
Tuesday, June 30, 2009
UK and U.S. Economic GDP Crash / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Expect to see more headlines like this, worldwide: U.K. First-Quarter GDP Drops 2.4%, Most Since 1958.
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Saturday, June 27, 2009
Why the "Green Shoots" of Economic Recovery will Not Happen Anytime Soon / Economics / Recession 2008 - 2010
By: Kevin_Geary
There is much talk about "green shoots" of recovery in the economy. They are more like weeds growing through the cracks in the concrete, as far as I can see.
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Saturday, June 27, 2009
The End of the Recession? / Economics / Recession 2008 - 2010
By: John_Mauldin
The End of the Recession?
The New Normal Is Still In Our Future
The Hidden Problem Within Unemployment Data
Was Income Really Up?
Last week we began a series on data abuse, about how various commentators twist and torture data to make it say what they want, or fail to look at the details underneath the headlines. Predictably, there is a lot of fodder this week as we forge ahead into this ripe territory.
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Friday, June 26, 2009
Double Whammy For U.S. Businesses and Consumers / Economics / Recession 2008 - 2010
By: Peter_Schiff
Misguided government policies have already dealt vicious body blows to our economy, but that hasn't stopped politicians this week from launching two new kicks to the groin: a national health insurance plan and a carbon emissions regulation system called “cap and trade.” Even if these plans could achieve their desired ends, which is highly unlikely, I would have hoped Washington would refrain from throwing more monkey wrenches into the economy until it shows some signs of resurgence. The last thing we need right now is to further encumber our economy with higher taxes and additional regulations.
Friday, June 26, 2009
US Economy Spending & Income: Two Charts / Economics / Recession 2008 - 2010
By: Adrian_Ash
"Everyone says higher saving rates are needed. Just not yet – please...?"
"STOCKS SEESAW as savings rate jumps," said the AP on Friday, amending its earlier "Stocks decline" headline to try and fit the moves to the news, rather than the other way round.
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Friday, June 26, 2009
US Savings Rate Hits 6.9%, Highest In 15 Years / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Personal incomes are rising reflecting tax cuts and consumer spending is up as well, notably car sales. However, consumers are still struggling to fix their personal balance sheets, currently overloaded in debt.
Friday, June 26, 2009
World Bank Forecasts Long Recession for Russia / Economics / Recession 2008 - 2010
By: Pravda
The recession in Russia will run deeper and longer than it appeared even a few months ago, the World Bank concluded in a report released Wednesday, underscoring the impression that Russia has been one of the countries hit hardest in the downturn.Read full article... Read full article...
Thursday, June 25, 2009
Epidemic of Bankruptcies Symptomatic of the Deflating Bubble / Economics / Recession 2008 - 2010
By: MISES
Doug French writes: There is an epidemic of bankruptcies: Circuit City, Sharper Image, Goody's, Gottschalk's, Comp USA, Levitz Furniture, Chrysler, GM. Not to mention all the local businesses that don't make the news when they close up shop. And the rash of corporate bustouts is far from over according to consulting firm Bain & Company, who predicts nearly 100 large ($100 million or more in assets) corporate bankruptcies by next year.
Wednesday, June 24, 2009
Not Green Shoots of Economic Recovery, Just Falling Leaves / Economics / Recession 2008 - 2010
By: John_Browne
While corporate earnings fell by some 38 percent in the first quarter, a dismal performance by just about anyone's reckoning, Wall Street took heart that the results were not as bad as the consensus estimates had predicted. Straws were frantically grasped. Buoyed by the resulting talk of “green shoots” and the hope of a relatively quick economic recovery, the Dow Jones Industrial Average surged nearly 40% from its lows.
Wednesday, June 24, 2009
What the Index of Leading Economic Indicators is Really Telling Us / Economics / Recession 2008 - 2010
By: Money_and_Markets
Claus Vogt writes: The Conference Board’s Index of Leading Economic Indicators (LEI) is an outstanding tool to predict recessions. This index is reported monthly and is made up of economic components that can reflect upcoming changes in the overall economy. Since 1960 it has been extremely reliable, and it played an important role in my 2007 recession forecast.
Wednesday, June 24, 2009
Don't Count On Asia To Lead Worldwide Economic Recovery / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Those who think Asia is going to lead the recovery need to think again. Please consider Japan Export Slump Deepens, Casting Doubt on Recovery.
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Tuesday, June 23, 2009
U.S. Economic Indicators Rise Showing the End of Recession / Economics / Recession 2008 - 2010
By: Pravda
The index of U.S. leading economic indicators rose in May for a second consecutive month and a regional factory gauge climbed more than forecast in June, showing the worst recession in five decades may soon end.
Monday, June 22, 2009
California's Economy Collapsing / Economics / Recession 2008 - 2010
By: Money_and_Markets
Martin Weiss writes: Washington and Wall Street seem to be treating California as if it were a sideshow in the financial circus of these turbulent times.
It’s not.
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Monday, June 22, 2009
Is the Economic Rebound For Real? / Economics / Recession 2008 - 2010
By: Money_Morning
William Patalon III writes: U.S. stocks suffered their first weekly loss since May last week, further exacerbating trader concern that the bullish surge that sent share prices up as much as 40% from their March lows may have been overdone.
Saturday, June 20, 2009
Stocks Bull Market Bullish Bias, "This Time its Different" / Stock-Markets / Recession 2008 - 2010
By: John_Mauldin
This Time It's Different*
Peter Bernstein, R.I.P.
Welcome to the New Normal
The Three Amigos
Credit Spreads - Bullish or Bearish?
ISM - Is Less Bad That Good?
Contain Your Enthusiasm
I have often written that the four most dangerous words in the investment world are "This Time It's Different." If memory serves me, I have written several e-letters disparaging various personages who have uttered those very words, and gone one to confirm later that it wasn't different. It almost never is.
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Friday, June 19, 2009
Four Key Reasons the U.S. Economy is Facing a ‘Jobless Recovery’ / Economics / Recession 2008 - 2010
By: Money_Morning
Martin Hutchinson writes: When the Labor Department recently reported that U.S. payrolls fell by 345,000 jobs in May - the lowest total in eight months - commentators were suddenly spotting “green shoots” of economic recovery virtually everywhere they looked.
Thursday, June 18, 2009
U.S. Recession Over by End of Summer 2009 / Economics / Recession 2008 - 2010
By: Pravda
The American economy will begin growing again in the third quarter, but the rebound will be meek as a battered housing sector and ailing banks stem any progress in other areas, according to a Reuters poll.