Category: Great Depression II
The analysis published under this category are as follows.Wednesday, October 28, 2009
Are You Ready for the Next Financial and Economic Crisis? / Economics / Great Depression II
Evidence that the US is a failed state is piling up faster than I can record it.
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests.
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Saturday, October 24, 2009
The Elements of Deflation and Surviving Today's Economic Depression / Economics / Great Depression II
It's The Best of Times
The Elements of Deflation
It's More Than Half Full
What's a Fed to do? We get talk about tightening and taking away the easy credit, but we got the fourth largest monetization on record last week. This week we examine the elements of deflation, look at some banking statistics that are not optimistic, and then I write a reply to my great friend Bill Bonner about why it's the best of times to be young. I think you will get a few thought-provoking ideas here and there.
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Friday, October 23, 2009
Exorcising Economic Deflation Delusions Is Essential To Wealth Enhancement / Economics / Great Depression II
“Economic reporting has shown no meaningful signs of business recovery, with the current depression likely to evolve into a great depression, in conjunction with the collapse of the value in the U.S. dollar and a hyperinflation. Risks are high for these crises to explode in the year ahead. The general outlook is not changed…
The reported monthly decline in retail sales followed a downward revision to the previously reported clunkers-related sales gains in August…
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Friday, October 23, 2009
U.S. Faces Second Lost Economic Decade Because of Misguided Stimulus / Economics / Great Depression II
Japan has gone through two lost decades, in and out of deflation, with nothing to show for it but increasing debt to GDP and a stock market still 70% below its peak.
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Thursday, October 22, 2009
Robert Prechter, Conquer the Crash and Prosper During the Deflationary Depression / Stock-Markets / Great Depression II
Greetings,
In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2007, and you'll realize it's true.
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Sunday, October 18, 2009
Good Times ahead, or Beginning of the Greatest Depression? / Economics / Great Depression II
I regulary visit the whenshtf.com forums. They’ve got some very knowledgeable members and often engage in worthwhile discussion. This post was inspired by member LAPD77. You can follow the discussion in this thread.
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Saturday, October 17, 2009
United States Has Caught the Japanese Economic Disease, Who Will buy Our Debt? / Economics / Great Depression II
Muddle Through, R.I.P?
Savings Equal Investments
Japanese Disease
Who Will Buy the Debt?
The New Muddle Through Economy
I first wrote about the Muddle Through Economy in 2002, and the term has more or less become a theme we have returned to from time to time. In 2007 I wrote that we would indeed get back to a Muddle Through Economy after the end of the coming recession. If you Google the term, at least for the first four pages more than half the references are to this e-letter. I get a lot of flak from both bulls and bears about being either too optimistic or too pessimistic. Being in the muddle through middle is comfortable to me.
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Friday, October 02, 2009
Financial Markets & Economic Warning Signals Flashing, Prepare to Protect and Profit / Economics / Great Depression II
“August New Orders for Durable Goods Remained in Great Depression Territory…
Economic and Liquidity Crises Remain Ongoing No Recovery in New Orders or Housing Fed Pushes Monetary Base to Record High
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Sunday, September 20, 2009
Economic and Financial System Train Wreck Dead Ahead! / Economics / Great Depression II
Many ECONOMISTS AND MARKET ANALYSTS ARE PREDICTING AN END OF THE RECESSION AND GROWTH GOING FORWARD. MY RESPONSE IS THE NUMBERS HAVEN’T ADDED UP FOR YEARS, AND REGARDLESS OF WHAT THEY CLAIM, WE ARE ABOUT TO COMMENCE THE NEXT LEG DOWN INTO WHAT WILL become known as the GREATEST DEPRESSION in history. The numbers they point to are POLITICALLY-CORRECT measurements, but practically incorrect; any insights you may glean from them are HEADLINE illusions for the sheep that are being FLEECED and who have misplaced their faith in the government to PROVIDE for them.
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Sunday, September 13, 2009
Greenspan the Root Cause of this Economic Depression / Economics / Great Depression II
Bernanke, Geithner, and others have stated the biggest mistake in this depression was the failure to rescue Lehman. I have long disagreed, instead declaring the Bankruptcy of Lehman was one of the few things the Fed got right, even if by accident.
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Wednesday, September 09, 2009
Depression Debate - Is this an Economic Depression? / Economics / Great Depression II
In 1929 Versus 2007: Employment Change Barry Ritholtz posted a chart of unemployment with a comment: "This chart makes it pretty clear that the current recession is no Depression"
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Saturday, September 05, 2009
America's Economic Crisis, Forecasting Worse Ahead / Economics / Great Depression II
Austrian economist Ludwig von Mises (1881 - 1973) said:"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
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Wednesday, August 26, 2009
Current Economic Crisis Still On Track to be Bigger than the Great Depression / Economics / Great Depression II
Dear reader,
Our friends over at Elliott Wave International (EWI) are offering Bob Prechter’s recent 10-page market letter, free. It challenges current recovery hype with hard facts, independent analysis, and insightful charts. You’ll find out why the worst is NOT over and what you can do to safeguard your financial future. Learn more.
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Sunday, August 23, 2009
Searching for the Economic Depression and Finding It / Economics / Great Depression II
Last week I was telling a visiting filmmaker from overseas about the financial crisis and how it was getting worse. He looked at me askance. The market had just gone up, he said, and the White House was talking about an emerging recovery.
“I have been in New York before, he said, and it looks the same.”
Thursday, August 20, 2009
The Bounce Is Aging, But The Depression Is Young / Economics / Great Depression II
Bob Prechter writes: The following is an excerpt from Robert Prechter's Elliott Wave Theorist. Elliott Wave International is currently offering Bob's recent Elliott Wave Theorist, Free!.
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Wednesday, August 19, 2009
Global Economic Depression and Regional Wars - Part II / Politics / Great Depression II
Part II continues Petras' analysis of the global depression (Part 1 Here), regional wars, and the decline of America's empire.
Obama's Latin American Policy
At all times under all administrations, policy, not rhetoric, defines priorities, and it's no different for Obama. With regards to Latin America and its people, he's been hostile and dismissive by:
Monday, August 17, 2009
Second Wave of the Economic Depression: Hyperinflation is Likely / Economics / Great Depression II
Webster Tarpley writes: The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: "I don't think the worst is over .." A few weeks earlier, Jacques Attali, who served in the 1980s as the main economics adviser to French President Mitterrand, told an audience at the International Economic and Financial Forum (FIEF) in Paris that the world might well soon face a planetary Weimar "in the form of a hyperinflationary depression similar to the German events of 1922 - 1923.
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Saturday, August 15, 2009
Global Economic Depression and Regional Wars - Part I / Economics / Great Depression II
James Petras is Binghamton University, New York Professor Emeritus of Sociology. Besides his long and distinguished academic career, he's a noted figure on the left, a well-respected Latin American expert, and a longtime chronicler of the region' popular struggles. He's also a prolific author of hundreds of articles and dozens of books, most recently his new one titled, "Global Depression and Regional Wars" addressing America, Latin America and the Middle East.
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Wednesday, August 12, 2009
The Bounce Phase of the Economic Depression / Economics / Great Depression II
Bill Bonner writes: “It looks like things are finally turning around,” said a friend at Saturday night’s dinner.
“Not at all…” we replied.
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Monday, August 10, 2009
U.S. Economy, Japan Depression Redux? / Economics / Great Depression II
Quite a few economic commentators are hesitant about the direction of the US economy, uncertain about whether it will stagnate or recover. Some are making gloomy comparisons between the current state of the US and the Japanese economy of the 1990s: others are more optimistic. Overlooked by these commentators is the fact that the monetary policy that generated Japan's 1980s boom is basically the same one generated the US boom of the 1990s and the subsequent bust. In fact, this policy has generated every boom-and-bust cycle I know of. It's called credit expansion.
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