Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Sunday, February 07, 2010
U.S. Economy To Be Hit By Second Wave of Mortgage Defaults / Economics / Recession 2008 - 2010
By: Bob_Chapman
As we have been forecasting for the last two years, the second wave of mortgage defaults and foreclosures will hit the economy this year. Not only will we have failure in prime loans and option-arm loans, but we are faced with a new crop of subprime and ALT-A loans put into motion by Fannie Mae, Freddie Mac, Ginnie Mae and FHA. In addition, we find it of great interest that the FHA is changing the rules to purchase homes. That, of course, means less homes will be purchased.
Thursday, February 04, 2010
U.S. Weekly Unemployment Claims Jump, Hate Mail From Keynesian / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Inquiring minds are investigating the Unemployment Weekly Claims Report from the department of labor. Weekly unemployment claims are up yet again, as is the 4-week moving average of claims.
Tuesday, February 02, 2010
Dangerous Recession Economic Recovery Lessons of 1937 / Economics / Recession 2008 - 2010
By: MISES
Jonathan M. Finegold Catalan writes: Many economists have already compared the years 1929–1932 to those of 2007–2009, and the current period of recovery to the time period 1933–1939. It was only a matter of time before they began to look for a comparison between the recession of 1937 and a potential "double dip" today.
Friday, January 22, 2010
Congress Sacks Samoan Economy / Economics / Recession 2008 - 2010
By: Peter_Schiff
Like many football fans around the country, I recently tuned into a heavily promoted 60 Minutes segment on the uncanny ability of tiny American Samoa to produce a steady stream of NFL players. Although it was certainly interesting to learn how Pacific island warrior culture translated seamlessly into the disciplines of American football, and how the island's players adapted to the hard-scrabble terrain and poorly funded athletic fields, the most interesting aspect of the piece concerned economics rather than sports.
Friday, January 22, 2010
Economic Crash And Crumble 2010 / Economics / Recession 2008 - 2010
By: Andrew_McKillop
ECONOMIC SHOCK
"All you need is $40 oil to bring the economy to a complete standstill. If we have $80 oil we're going to be in the hole," said Adam Sieminski, global oil strategist at Deutsche Bank. (New York Times, 13 Nov 2002)
Thursday, January 21, 2010
The Future of Unemployment Benefits in the U.S. / Economics / Recession 2008 - 2010
By: Bob_Chapman
Last January we predicted that there would be another stimulus program this year. Congress has already passed legislation to continue unemployment benefits, which the Senate will approve as well. Those out of work cannot survive without such assistance, as our transnational conglomerates continue to send our jobs to foreign lands. The question is will the unemployed, as a result, receive benefits indefinitely, as these elitist corporations park their profits in tax havens tax-free?
Wednesday, January 20, 2010
New Year New Economic Boom? Why 2010 Should Be One to Remember / Economics / Recession 2008 - 2010
By: EWI
Elliott Wave International's latest free report puts 2010 into perspective like no other. The Most Important Investment Report You'll Read in 2010 is a must-read for all independent-minded investors. The 13-page report is available for free download now. Learn more here.
Friday, January 15, 2010
Economists ‘Puzzled’ by December Retail Sales Decline / Economics / Recession 2008 - 2010
By: Mac_Slavo
While most Americans understand that falling wages, job losses and contracting consumer credit leads to less spending, it seems that many economists just can’t figure out what happened to retail sales in December.
Thursday, January 14, 2010
Small Business Trends Suggest No Economic Recovery On Horizon / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The National Federation of Independent Business (NFIB) Small Business Economic Trends for January 2010 is filled with 23 pages of graphs and text that suggest there is no recovery on the horizon.
Let's take a look at a summary and some of the graphs. Charts and text with permission of and copyright of the NFIB Research Foundation. Highlights in red are mine.
Monday, January 11, 2010
Tim Geithner Must Go As Unemployment Festers A New Economic Strategy Team Is Needed / Politics / Recession 2008 - 2010
By: Danny_Schechter
When a pitcher gets tired, starts throwing walks or being hit, most attentive managers take him out of the game. When policies fail, as in the case of the security system that didn’t work to spot the alleged Christmas bomber, the President starts acting tough with bluster about the buck stopping here and orders to straighten out a failed system.
Sunday, January 10, 2010
Surge in U.S. Personal Bankruptcies, Foreclosures and Job Losses / Economics / Recession 2008 - 2010
By: Bob_Chapman
The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses.
And more people are filing for Chapter 7 bankruptcy, which liquidates assets to pay off some debts and absolves the filers of others. That is significant because a 2005 overhaul of federal bankruptcy laws aimed to encourage Chapter 13 filings, which force consumers to sign onto debt-repayment plans in exchange for keeping certain assets.
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Friday, January 08, 2010
December U.S. Job Losses Implications for Economic Recovery / Economics / Recession 2008 - 2010
By: Sy_Harding
The Labor Department’s report that 85,000 jobs were lost in December was certainly a disappointment, much worse than the consensus forecast that job losses had bottomed in November and perhaps as many as 10,000 new jobs may have been created in December.
Friday, January 08, 2010
Pennsylvania Borough Gives Homeless the 'Cold Shoulder' / Politics / Recession 2008 - 2010
By: Walter_Brasch
SUGAR NOTCH, Pa.--A regional advocate for the rights of the homeless says actions by Sugar Notch officials to deny shelter to homeless men may be based upon fear and a lack of knowledge.
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Thursday, January 07, 2010
U.S. Economy 2010 From Scandalous Past to Uncertain Future / Economics / Recession 2008 - 2010
By: Prof_Rodrigue_Trembl
“Homes rose markedly in value, especially in hot markets like Florida and New York City. Borrowers believed that home purchases were no-risk ventures certain to escalade, and they went out on a limb to buy. Lenders who had once required large down payments now permitted home purchasers to combine two and three loans to buy a home. People took out what were called “buffet” loans, which were interest-only loans that buyers were told they should refinance in three years or five years. Lenders told home buyers not to worry; homes were rising so fast in value that it would always be easy to refinance into another loan.
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Sunday, January 03, 2010
Can America Produce Genuine Long-Term Economic Growth? / Economics / Recession 2008 - 2010
By: Michael_S_Rozeff
Genuine means authentic which means "conforming to fact and therefore worthy of belief and trust" (as the thesaurus says), and the antonym is counterfeit, false, and a sham.
Wednesday, December 30, 2009
2010-2020, The Decade From Hell II? / Economics / Recession 2008 - 2010
By: Peter_Schiff
In its recent look back on the first ten years of the century, Time Magazine proclaimed the period to be "the decade from hell." The editors made their case based on what they saw as the signature events of the last ten years, notably the ravages of terrorism, failed wars, and a global financial crisis. Taken together, these factors produced an era that Time is convinced will be remembered as one of the low points in our history.
Tuesday, December 29, 2009
U.S. Economic Disaster Worse Than Weimar or Zimbabwe / Economics / Recession 2008 - 2010
By: LewRockwell
Interviewed by Louis James with Doug Casey
L: So, Ben Bernanke just got named “Person of the Year” by Time magazine. I know you must have some thoughts in response to this auspicious event?
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Monday, December 28, 2009
Labour's 10 Year Economic Boom Evaporated into an Even Bigger Bust / Economics / Recession 2008 - 2010
By: Nadeem_Walayat
This article is part of in-depth analysis that will conclude in a forecast for the UK economy for 2010 and 2011 and which follows the completion of the forecast for UK CPI inflation 2010 , which will be followed by the UK interest rate forecast for 2010 later this week. The whole scenario and implications of will be published as an ebook that I will make available for FREE, ensure you are subscribed to my always free newsletter to get the completed scenario in your email box and check current analysis at http://www.walayatstreet.com.
Saturday, December 26, 2009
Global Markets Face Rising Risk of a 2010 Double Dip Recession / Economics / Recession 2008 - 2010
By: Bryan_Rich
With 2009 coming to a close, I’d like to take a look back at the role that the big-picture environment has played in determining how currencies, and all financial markets, performed. And how that might change, or stay the same, in 2010.
Friday, December 25, 2009
The Economic Crisis Ends 2009, the Political Crisis Begins 2010 / Politics / Recession 2008 - 2010
By: Shamus_Cooke
First Iceland, then Ireland, now Greece. Much of Europe is mired in inescapable debt and bankrupt nations, the result of crashing banks, bank bailouts, and soaring unemployment. The U.S. and U.K. watch from a distance, knowing their turn is next.