Category: Great Depression II
The analysis published under this category are as follows.
Monday, July 19, 2010
Understanding Robert Prechter's Deflationary Depression 'Slope of Hope' / Economics / Great Depression II
By: EWI
Almost everybody who follows financial markets has heard about climbing the "wall of worry": the time when prices head up bullishly, but no one quite believes in the rally, so there's more worry about a fall than a rise.
What's the opposite condition in the market?
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Friday, July 16, 2010
Government Policies Pushing U.S. Economy Towards Depression / Economics / Great Depression II
By: John_Browne
Despite several quarters of rising GDP, and the upbeat exertions of Administration spokespeople, the National Bureau of Economic Research (NBER) has yet to announce the recession is over. Their reluctance is well-founded. It is beginning to dawn on even the more optimistic analysts that the tepid growth we have seen over the past three quarters is only an interlude in an otherwise grave and prolonged recession. Moreover, the respite will cost dearly as the United States has racked up a generation worth of debt for dubious benefit.
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Thursday, July 08, 2010
The ETA Economic Recovery, Depression Dead Ahead / Economics / Great Depression II
By: Dr_Krassimir_Petrov
Economic experts have used letters like U, V, W, etc. when speaking about the current recession. The letters should represent graphically the course of the recession. The U-shaped recession stands for a fall, some time at the bottom, and a steady recovery. In case of a V-shaped recession, the economy bottoms out quickly and then recovers just as quickly. The concept of using letters is sometimes applied to stock-market bottoms.
Tuesday, July 06, 2010
More Red Flags for the U.S. Economy / Economics / Great Depression II
By: Mike_Whitney
Bonds are signaling that the recovery is in trouble. The yield on the 10-year Treasury (2.97 percent) has fallen to levels not seen since the peak of the crisis while the yield on the two-year note has dropped to historic lows. This is a sign of extreme pessimism. Investors are scared and moving into liquid assets. Their long-term expectations have grown dimmer while their confidence has begun to wane. Economist John Maynard Keynes examined the issue of confidence in his masterpiece "The General Theory of Employment, Interest and Money". He says:
Wednesday, June 30, 2010
Why the Greater Economic Depression Still Lies Ahead / Economics / Great Depression II
By: Michael_Pento
If one does not know the real cause of a problem, they should also be unable to provide a genuine solution.
Messer’s Obama, Bernanke and Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students of the market second; if at all. Therefore, it is not wise to ask them if the great recession is indeed over, or for them to provide a plan to prevent another from occurring in the future.
Tuesday, June 29, 2010
Plunging Consumer Confidence and Treasury Yields, Economic Depression is Here / Economics / Great Depression II
By: Mike_Shedlock
Is that a 3-handle I see on the long bond and a 2-handle of the 10-year treasury? Why yes it is.
Saturday, June 19, 2010
Following the Worst Crisis Since the Great Depression / Economics / Great Depression II
By: Bryan_Rich
It’s easy to lose perspective on where the global economy stands … to be confused by the daily deluge of information.
So today, in the first of a two-part series, I want to give you some perspective on the big-picture and where we are today, because as an investor the “big-picture” is critical for you. It can mean the difference between making and losing a lot of money.
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Tuesday, June 08, 2010
Europe Chooses Economic Depression / Economics / Great Depression II
By: Mike_Whitney
Forget about a smooth recovery. Finance ministers and central bank governors of the G-20, met this weekend in Busan, South Korea and decided to abandon "tried and true" expansionary fiscal policies for their own strange brew of belt-tightening policies and austerity measures.
Friday, June 04, 2010
Key Indicators of a New Great Depression II / Economics / Great Depression II
By: John_Browne
Neeraj Chaudhary writes: With the mainstream media focusing on the country's leveling unemployment rate, improving retail sales, and nascent housing recovery, one might think that the US government has successfully navigated the economy through recession and growth has returned. But I will argue that a look under the proverbial hood reveals a very different picture. I believe the data shows that the US economy is badly damaged, and a modern-day depression has begun. In fact, just as World War I was originally called The Great War (and was retroactively renamed after World War II), Peter Schiff has said that one day the world will refer to the 1929-41 era as Great Depression I, and the current period as Great Depression II.
Wednesday, June 02, 2010
Trending Towards The Inflationary Economic Depression / Economics / Great Depression II
By: Bob_Chapman
We believe an inflationary depression began in February of 2009, and little has changed. Since then factory output has increased, as have inventories and other outward signs, such as retail sales. We believe that one-year spurt is ending, unless a new stimulus program is put in place. This past week we saw a $78 billion addition to unemployment benefits and Larry Summers has said they need an additional $200 billion.
Monday, May 31, 2010
Marc Faber on the Coming Economic Catastrophe Triggered by the Next AIG to Fall / Economics / Great Depression II
By: Videos
An hour long Presented by Marc Faber at "Austrian Economics and the Financial Markets," the Mises Circle in Manhattan in New York, New York. Includes an introduction by Mises Institute president Douglas E. French. We ain' t seen nothing' yet, says Marc Faber.
Saturday, May 29, 2010
European and U.S. Economies Falling Dominoes / Economics / Great Depression II
By: Shamus_Cooke
Attempting to fix an unfixable problem can create new problems. Why is the global economy unfixable in the current context? For one, the cause of the depression is never mentioned in the mainstream media or politicians. And when a disease is misdiagnosed, a prescribed medication creates new afflictions.
Monday, May 24, 2010
Gerald Celente with Max Keiser on Food Riots, Tent Cities, Mob Rule / Politics / Great Depression II
By: Videos
"Here we are in 2012. Food riots, tax protests, farmer rebellions, student revolts, squatter digins, homeless uprisings, tent cities, ghost malls, general strikes, bossnappings, kidnappings, industrial saboteurs, gang warfare, mob rule, terror. How could it have come to this? Across the nation and around the world, it was a variation of the same theme. In the United States it was called “Obamageddon,” in the rest of the world it was “The Greatest Depression.” Did no one see it coming? Yes and no. There were intelligent, informed people who saw it. But for the most part they didn’t want to believe their eyes and didn’t want to hear it.
Saturday, May 22, 2010
Will Germany Drag World Economy Into Another Great Depression? / Economics / Great Depression II
By: Mike_Whitney
Deficits create demand. Demand generates spending. Spending generates economic activity. Economic activity generates growth. Growth generates jobs, increases government revenues, reduces deficits and ends recessions.
Simple, right?
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Wednesday, April 28, 2010
UPDATE: America’s Second Great Depression (Part 1) / Economics / Great Depression II
By: Mike_Stathis
Overview - Washington, Wall Street and their partners in crime, the media, have continued to spread the myths of an economic recovery since late summer 2009.
In response to the propaganda, the stock market has continued to rally. But most individual investors have been left out of this tremendous rally.
Wednesday, April 28, 2010
Bailouts, Stimulus Packages and Jobless Recovery, Crisis of Wealth Destruction / Economics / Great Depression II
By: Henry_CK_Liu
The financial crisis that broke out in the United States around the summer of 2007 and crested around the autumn of 2008 had destroyed US$34.4 trillion of wealth globally by March 2009, when the equity markets hit their lowest points.
Thursday, April 15, 2010
U.S. Faces Second Lost Depression, Why This Recession Is Different and What To Do About It / Economics / Great Depression II
By: Mike_Shedlock
The Business Insider has a very interesting presentation by Richard Koo on The Real Reason Why This Recession Is Completely Different. Here are a few slides.
Tuesday, April 13, 2010
Gold, Professor Fekete And The Economic Armageddon Signal / Economics / Great Depression II
By: Darryl_R_Schoon
When the end comes, it will be a surprise even to those who expect it
When Professor Antal E. Fekete began lecturing on Austrian economics in Hungary in the spring of 2007, the global economy had not yet experienced the collapse which Austrian economist Ludwig von Mises had predicted over a half century before, to wit,
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Friday, April 09, 2010
European Union Sinking into Economic Depression, The Coming Debt Wars / Economics / Great Depression II
By: Michael_Hudson
Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are more explosive. Although these countries are not in the Eurozone, most of their debts are denominated in euros. Some 87% of Latvia’s debts are in euros or other foreign currencies, and are owed mainly to Swedish banks, while Hungary and Romania owe euro-debts mainly to Austrian banks. So their government borrowing by non-euro members has been to support exchange rates to pay these private-sector debts to foreign banks, not to finance a domestic budget deficit as in Greece.
Wednesday, February 10, 2010
The Economic Depression is Not Over / Economics / Great Depression II
By: Frank_Shostak
Real GDP increased at an annual rate of 5.7% in Q4 after rising by 2.2% in Q3 — the quickest pace in more than six years. This was above Wall Street economists' forecast for a 4.6% increase in Q4. The yearly rate of growth of real GDP climbed to 0.1% in Q4 from −2.6% in Q3. The yearly rate of growth of GDP at current prices, i.e., nominal GDP increased by 0.8% in Q4 from −2.1% in the prior quarter.