Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Thursday, April 02, 2009
Chinese Students Desperate and Destitute in the United States / Politics / Recession 2008 - 2010
By: Pravda
More than 140 Chinese students, who had hoped to become pilots, are trapped in a Palm Coast, Florida apartment complex without income, electricity, food or transportation. They have fallen victims of a flight school that shut down and filed bankruptcy. The school location is Palm Coast, Florida.Read full article... Read full article...
Tuesday, March 31, 2009
OPEC Must Also Bear The Pain of the Great Depression II / Economics / Recession 2008 - 2010
By: Submissions
Dr. Raju M. Mathew writes: Age of Booms - OPEC had enjoyed all the pleasures of the boom for a very long time and that made them to become the richest bloc of the world as oil price jumped to more than $100 and to some extent to $ 147 from a reasonable price of $ 40 per barrel. As a result, their unspent oil reserve funds exceeded in terms of several trillions, far ahead of the entire wealth of over 70% of the developing countries of the world.Read full article... Read full article...
Monday, March 30, 2009
Ukraine Runs to Japan for Emergency $5 Billion Loan / Politics / Recession 2008 - 2010
By: Pravda
Japan is considering the possibility of granting 5-billion- dollar loan to Ukraine. According to Bogdan Danilishin, the Minister of Economics of Ukraine, this issue was discussed during the talks between Ukraine's Prime Minister, Japan's Finance Minister Kaoru Yosano and Japan's Prime Minister Taro Aso.Read full article... Read full article...
Sunday, March 29, 2009
Credit Crisis Easing and Signs of Economic Recovery / Economics / Recession 2008 - 2010
By: Prieur_du_Plessis
CEP News: US Treasury unveils PIPP “The US Treasury announced Monday morning it will spend up to $1.0 trillion in a bid to provide support to the balance sheets of financial institutions and support the ‘toxic debt' market, which includes mostly mortgage-backed securities.
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Sunday, March 29, 2009
Governor Schwarzenegger finish what your wife started and Get Urban Farming Started in California / Politics / Recession 2008 - 2010
By: Robert_Singer
I am recommending Senator Fran Pavley, Member Senate Food & Agriculture committee, to head a new commission formed to promote Urban farming in California. Please contact her District Office (310) 314-5214 as soon as you have time to review the following so she can meet with to discuss the details of its implementation.Read full article... Read full article...
Saturday, March 28, 2009
George Soros Forecasts Housing Crash and Price Inflation / Economics / Recession 2008 - 2010
By: LewRockwell
Gary North writes: George Soros recently made two predictions. First, commercial real estate will decline by 30% in the United States. "It is inevitable, it is written, everybody knows it, there are already some transactions which reflect and anticipate it, so we know, they will drop at least 30 percent." Second, when banks finally begin to lend, the swollen monetary base will lead to serious price inflation. He called this "an explosion of inflation." Read full article... Read full article...
Friday, March 27, 2009
U.S. Depression Level Unemployment Rates / Economics / Recession 2008 - 2010
By: Mike_Shedlock
A total of seven states have passed the 10% unemployment rate as the Jobless Slump Spreads . The number of U.S. states with a jobless rate exceeding 10 percent almost doubled in February as the worst employment slump in the postwar era spread.
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Friday, March 27, 2009
Global Economic Crisis Emerging Fault Lines / Economics / Recession 2008 - 2010
By: Peter_Schiff
For a few fleeting, horrifying moments this past week the fault lines that underlie the global economic crisis erupted into plain view. With deft and quick effort leaders in Washington, Europe and Asia papered over the fissures and fears largely subsided. But the shock of plain truths which resulted in violent currency movements are the latest reminder that the 21st century economic order will bear little resemblance to the world we now know.Read full article... Read full article...
Thursday, March 26, 2009
U.S. Recession, China to the Rescue? / Economics / Recession 2008 - 2010
By: Hans_Wagner
On Friday March 13, 2009, Chinese Premier Wen Jiabao urged the U.S. to guarantee its “good credit”, expressing concern about the safety of his country's huge holdings of U.S. government debt. China is the largest holder of U.S. debt. It is estimated that 70 percent of the country's almost $2,000 billion foreign exchange reserves are believed to be in U.S. dollar assets. In addition, Chinese officials believe the country will be able to grow their GDP by eight percent in 2009. Mr. Wen has acknowledged that this may require additional stimulus to bolster the economy. Will China be able to rescue the world's economies and cover the U.S.'s growing deficit? Read full article... Read full article...
Monday, March 23, 2009
Bailout's Dangerous and Unintended Consequences Will Prolong America's Second Great Depression / Politics / Recession 2008 - 2010
By: Money_and_Markets
Martin Weiss writes: I've just returned from Washington, DC, where I held a press conference at the National Press Club and a round-robin series of meetings with members of Congress … with more to come this week.
Let me first tell you what I told them. Then, I'll explain what I think you should do about it …
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Friday, March 20, 2009
Recession Light at the End of the Tunnel or an Oncoming Freight Train? / Economics / Recession 2008 - 2010
By: Paul_L_Kasriel
With regard to the economy, we believe there are faint signs of light at the end of the tunnel. Real consumer spending increased by 0.4% in January (and is likely to be revised up) and the decline in February nominal retail sales of 0.1% suggests that the decline in real consumer spending that month will not be severe. For the first quarter as a whole, we now expect a contraction in consumer spending much less severe than last year's fourth-quarter contraction of 4.3%. Although we do not expect to see outright growth in real consumer spending until the fourth quarter of this year, we believe the deepest quarterly contraction is behind us. Read full article... Read full article...
Friday, March 20, 2009
Consumers A Paycheck Away From Ruin / Economics / Recession 2008 - 2010
By: Mike_Shedlock
New surveys show that Consumers are Just a Paycheck or Two Away From Ruin .
The results of a bevy of surveys found a growing number of consumers are only a couple paychecks away from a household collapse even as many scramble to shore up savings. Rainy-day funds appear to be a distant memory as households burn cash to cover food and energy bills as well as mortgage and car payments.
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Thursday, March 19, 2009
U.S. Economy Hits the Toxic Pothole / Economics / Recession 2008 - 2010
By: James_Quinn
We're riding on the escalator of life We're shopping in the human mall
We're dancing on the escalator of life
Won't be happy 'til we have it all
We want it all
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Tuesday, March 17, 2009
GM, Toyota, Honda, and Grocery Store Price Wars / Companies / Recession 2008 - 2010
By: Mike_Shedlock
With inventories stacking up and nowhere to put production (See Unsold Car Images From Around The World ), price wars on autos were only a matter of time. That time has arrived, and GM to cut prices to lure back US buyers .Read full article... Read full article...
Tuesday, March 17, 2009
Long-Term Economic Forecast: Slow Growth And Deflation / Economics / Recession 2008 - 2010
By: John_Mauldin
This week I am really delighted to be able to give you a condensed version of Gary Shilling's latest INSIGHT newsletter for your Outside the Box. Each month I really look forward to getting Gary's latest thoughts on the economy and investing. Last year in his forecast issue he suggested 13 investment ideas, all of which were profitable by the end of the year. It is not unusual for Gary to give us over 75 charts and tables in his monthly letters along with his commentary, which makes his thinking unusually clear and accessible. Read full article... Read full article...
Monday, March 16, 2009
Monetary and Fiscal Failure, Fraud, and Fear of What's Next / Economics / Recession 2008 - 2010
By: Stephen_Lendman
Even the powerful are worried with the IMF on February 7 saying advanced economies are in "depression (and) the worst cannot be ruled out." Forecasting a 2010 recovery is "very uncertain" at this time as further financial turmoil may disrupt it regardless of policies adopted, and trouble is outpacing resources to alleviate it. Read full article... Read full article...
Monday, March 16, 2009
United States Economic Collapse Facing Its Weimar Moment / Economics / Recession 2008 - 2010
By: Submissions
Robert Freeman writes: In early 1919, Germany put in place a new government to begin rebuilding the country after its crushing defeat in World War I. But the right-wing forces that had led the country into the War and lost the War conspired even before it was over to destroy the new government, the "Weimar Republic." They succeeded.
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Saturday, March 14, 2009
California's Imploding Economy as Billions Disappear into the Budget Black hole / Economics / Recession 2008 - 2010
By: Mike_Shedlock
California is imploding faster than expected. Let's take a look starting with a flashback to something I wrote on February 16, 2009: California One Vote Shy On Budget Impasse . Here is the key snip. Read full article... Read full article...
Friday, March 13, 2009
U.S. Economic Depression: The Growing Homeless Tent Cities / Politics / Recession 2008 - 2010
By: Submissions
In Sacramento, California, tent cities populated by the recently made homeless have begun springing up in a scene reminiscent of the Hoover Great Depression era. This is yet another sign of bad economic times, and reflects the need for real change, not based on ideology but on the practical needs of the people.Read full article... Read full article...
Friday, March 13, 2009
Consumer Demand For Everything Crashes: Trade Deficit At 6 Year Low / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Many were of the belief that the trade deficit would widen as the US recession strengthened. The only way that could have happened is if oil prices stayed stubbornly high. While the price of oil may have bottomed, odds of it shooting up towards $100 again in the near future are slim. Read full article... Read full article...