Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Tuesday, January 27, 2009
Deteriorating World Economy Leading to Currency Instability and Strong Gold / Economics / Recession 2008 - 2010
By: Christopher_Laird
The fast deteriorating world economy is putting pressure on currencies. Fast rising unemployment is going to cause social strife, and gold is reacting accordingly.
World unemployment rising fast
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Monday, January 26, 2009
Some Good Amid the Gloom for Investors and the Economy / Economics / Recession 2008 - 2010
By: Frank_Holmes
When it comes to the global economy, there's a huge surplus of bad news and there's a good chance that more is coming. Positive indicators are in short supply, but there's a good chance that more of these are coming, too. I would like to share some of the more optimistic signs and trends that we are seeing to offset a little of the negativity, just as people look for that first robin or tulip bud as proof that the gloom of winter will not last forever. Read full article... Read full article...
Monday, January 26, 2009
President Obama Gets Economic Broadside as Financial Markets Plunge / Economics / Recession 2008 - 2010
By: Gerard_Jackson
As Obama assumed the presidency an economic broadside was fired across his bow when the financial markets plunged to new lows. The banks remain in a parlous state and unemployment is still rising. Economist Nouriel Roubini said that if the banking system's losses hit $3.6 trillion -- as expected by quite a few financial observers -- then the "the US banking system is effectively insolvent because it starts with a capital of $1.4 trillion." Read full article... Read full article...
Sunday, January 25, 2009
Investor Flight to Safety as Global Recession Fears Intensify / Stock-Markets / Recession 2008 - 2010
By: Prieur_du_Plessis
Fears about the intensity of the global recession and renewed skepticism regarding the beleaguered financial sector fueled a flight to safety during the past holiday-shortened trading week. President Obama's inauguration offered only a brief respite from the dreadful economic and earnings data and pounding of the stock markets. Read full article... Read full article...
Saturday, January 24, 2009
Forecasting the Four Year Double Dip U.S. Recession / Economics / Recession 2008 - 2010
By: Paul_L_Kasriel
DUBYA - No, our title does not refer to our 43rd president. Rather, it refers to the shape of an economic scenario that is beginning to look to us as the most probable going forward. The current economic environment is indeed bleak and there are precious few signs of a recovery. But we believe that if the massive fiscal stimulus package being worked up in Congress is financed largely by the banking system and the Federal Reserve, there is a good chance the economy will begin to grow by the fourth quarter of this year and continue to do so throughout 2010. And if we are correct on this, we also believe there is a good chance that the consumer price index will be advancing at a fast enough pace by the second half of 2010 to induce the Federal Reserve to become more aggressive in draining credit from the financial system. Read full article... Read full article...
Saturday, January 24, 2009
Financial Apocalypse and Economic Armageddon 2009 / Economics / Recession 2008 - 2010
By: T_Anthony_Michael
The FOUR HORSEMEN of 2009 - Herald the Death Knell of “Free Market” Capitalism
The global money matrix, worldwide financial architecture and planetary economic landscape most closely resemble the proverbial House of Cards in the form of a Pyramid-Ponzi scheme superstructure built on quicksand. Therefore, any sober and sane inhabitant of planet Earth would only want to be rid of it all. And that's exactly what the FOUR HORSEMEN of 2009, 2010, and beyond, aim to do. Trample it all under, so that we may finally be rid of it all.
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Wednesday, January 21, 2009
Economic & Financial Markets Outlook 2009, Part1: Nightmare on Main Street / Economics / Recession 2008 - 2010
By: Ty_Andros
I remember growing up in Nebraska as a time of ups and downs that any child encounters growing up. Even though I was born in 1955, I was too young to be drafted into the Viet Nam war and my college years were very carefree as my parents were sending me through school to gather the tools that set the table to prosper and grow as I matured and aged. I was aware of the issues, but for the most part saw them on TV or in the news as an observer and student, safely tucked away in school and amongst friends. I am very grateful for what God has provided me to maneuver through the challenges of life. Read full article... Read full article...
Wednesday, January 21, 2009
President Obama Faces Toughest Financial Challenges in U.S. History / Economics / Recession 2008 - 2010
By: Money_Morning
Martin Hutchinson writes: When President-elect Barack Obama gets sworn into office as the nation's 44th chief executive this afternoon (Tuesday), he inherits a country that hasn't been this badly off financially since the Great Depression.
And President Obama can anticipate considerable sleep loss, for the recession-plagued U.S. economy and the accompanying financial crisis aren't even the only challenges his administration faces.
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Tuesday, January 20, 2009
New President, New Opportunity / Politics / Recession 2008 - 2010
By: Paul_J_Nolte
Every four years or in recent times eight years, the country gets a new President to lead the country into the future. With so much hope and expectations placed upon Mr. Obama, the risks of not making those expectations are large. And while the country may be filled with hope and pride upon the election of the first Africa-American President – back at Wall Street, it is more of the same old “stuff”. Both Citigroup and Bank of America went to the government well to take another drink of TARP money to cover over more of the past sins of lending.Read full article... Read full article...
Tuesday, January 20, 2009
End of Secular Consumer Bull Market Signals Ghost Shopping Malls / Economics / Recession 2008 - 2010
By: James_Quinn
Ghost Malls Coming to Your Town - The illustration of Old West ghost towns is something that every American can relate to. During the great gold rush of the mid 1800's in California, Nevada, and Wyoming towns sprung up out of nowhere to support the gold mining efforts of those looking to strike it rich. General stores, bars, hotels, brothels, and jails appeared out of nowhere based on demand from delusional prospectors hoping to hit the jackpot. Thousands of malls emerged throughout suburban America in the last twenty years as delusional shoppers thought they could spend their way to prosperity and achievement. Both delusions will end in the same manner. Read full article... Read full article...
Monday, January 19, 2009
California Is Bankrupt! / Economics / Recession 2008 - 2010
By: Mike_Shedlock
In San Diego, Mayor Jerry Sanders is seeking cuts in services, fee hikes, and water rationing. Please consider A call to share the pain in San Diego
Mayor sees cut in services, fee hikes, water rationing
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Monday, January 19, 2009
Consumer Spending, Last Bastion of U.S. Economy In Full Retreat / Economics / Recession 2008 - 2010
By: Oxbury_Research
In previous economic slowdowns, it was always consumer spending that kept the American economy afloat. Millions of Americans continued shopping at malls, buying cars, ordering gadgets through the mail and TV and otherwise putting their wallets and purses on the line. It was always the brave American consumer rushing unto the breach to beat off the demons of economic gloom and uncertainty. Read full article... Read full article...
Friday, January 16, 2009
Downward Economic Spiral Driving Consumption Down / Economics / Recession 2008 - 2010
By: Oxbury_Research
Don't Forget the Economics - Jan. 14 (Bloomberg) -- Apple Inc. Chief Executive Officer Steve Jobs, who said this month that he is being treated for a nutritional ailment, will take a medical leave of absence through the end of June. The shares fell 10 percent.
Although I wish the best for Steve Jobs, I care very little about this whole Apple story. The reason I bring it up is due wholly to CNBC. They've covered this story, along with the Madoff, for a large portion of the day.
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Thursday, January 15, 2009
Global Economic Demand Collapse, Bonds Next / Economics / Recession 2008 - 2010
By: Christopher_Laird
Anyone following the economic news in recent months has to be stunned at the declining economic activity. Japan had a 16% drop in machine orders for November. US car sales down 30 to 40%. Even world car leader Toyota has sales down 20 to 30%. Worldwide car sales are way down too, anywhere from 10 to 20% depending on which area. Read full article... Read full article...
Thursday, January 15, 2009
UK Retail Sales Crash, No Vadera Green Shoots Visible / Economics / Recession 2008 - 2010
By: Nadeem_Walayat
Despite the hype of deep discounting, the retail sales figures released today by major high street retailers shows sales slumping by between 7.5% and 10% which clearly demonstrates that the long experienced shoppers to a large degree did not get caught up with sales frenzy of previous years and refused to fall for the sales gimmicks where actual real discounting was few and far between. This coupled with the economy falling of the edge of a cliff despite green shoots ramblings by
Labour's Shriti Vadera,
sets a bleak scene for retailers for the whole of 2009 as my earlier analysis pointed out that the 30% crash in sterling will lead to higher restocking costs, whilst at the same time consumers increasingly expect discounting and therefore put off purchasing for the closing down sales.Read full article... Read full article...
Tuesday, January 13, 2009
Bernanke Banking System, Economy In Much Worse Shape Than Previously Admitted / Economics / Recession 2008 - 2010
By: Mike_Shedlock
At the Stamp Lecture, London School of Economics, London, England, Bernanke Urges ‘Strong Measures' to Stabilize Banks
Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won't be enough to spur an economic recovery and that the government may need to buy or guarantee banks' tainted assets to revive growth.
Monday, January 12, 2009
Global Recession 2009, Investors What to Do Now / Economics / Recession 2008 - 2010
By: Money_and_Markets
Economically, 2009 has been handed some horrible numbers: It inherited the steepest contraction in manufacturing activity since 1980.
The Institute for Supply Management's (ISM) factory index tumbled from 36.2 in November to just 32.4 in December, the lowest level since June of 1980. The all-time low for this data series, which began in 1948, was 29.4 in May 1980.
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Saturday, January 10, 2009
Economic Forecast 2009: Deflation, Deleveraging, and Recession / Economics / Recession 2008 - 2010
By: John_Mauldin
- Forecast 2009: Deflation, Deleveraging, and the Stimulus Effect
- Muddle Through on Hold
- Lies, Damned Lies, and Government Unemployment Numbers
- Central Bankers of the World, Unite!
- Predictions 2009
Where are we headed in 2009? We will explore that in detail over the next few issues of Thoughts from the Frontline, but today we will start with some of the larger forces which will have a major impact on the economies of the world, and I will end with my usual attempt to forecast the various markets. We will look at deflation, deleveraging, the fallout from the stimulus plans (note plural), housing, consumer spending, unemployment, and a lot more. There is a lot to cover. But first two quick announcements.
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Friday, January 09, 2009
U.S. Unemployment Soars to 7.2%; Jobs Contract 12th Straight Month / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Before taking a look at the monthly jobs data, let's take a look at Initial Unemployment Insurance Claims from The US Department of Labor.Read full article... Read full article...
Friday, January 09, 2009
U.S. Unemployment: The Great Year-End Jobs Blowout / Economics / Recession 2008 - 2010
By: Oxbury_Research
1.1 Million Gone in Only 60 Days… In December, no less than 693,000 jobs disappeared from the private non-farm payrolls, a dramatic and disturbing increase from the 476,000 jobs lost in November. More than one million unemployed persons in two months would cripple most countries and throw them into a major depression, but even in a nation of 300 million persons this is a disturbingly large increase.Read full article... Read full article...